• Rent money is applied to purchase of the home: Every month a portion of
your rent payment will be credited towards your down payment or off of
the sales price.
• Peace of mind: You can lock the sales price when you rent it. Before you
actually buy it! And can walk out of the deal later on if you change your
mind.
• Credit problems are okay: Qualification restrictions are lesser. You will
be approved at the sole discretion of the seller.
• Rapid equity growth: Home equity accumulates much faster than with
conventional financing through a bank or lender.
• Minimum Cash Out of Pocket equals Increased Buying Power: When you
purchase a home conventionally, you must pay at least 5% -20% down
along with closing costs and pre-paids. When you buy with a Rent to Own,
you only pay first month's rent and a small option deposit.
• Little or no down payment at closing: Since you have given the seller an
option deposit and you have been receiving monthly rent credits, there will
frequently be very little or nothing left to pay for a down payment at
closing.
• No taxes and less liability: Since you do not own the home (yet), you will
not have to pay property taxes and your liability will be considerably
reduced.
your rent payment will be credited towards your down payment or off of
the sales price.
• Peace of mind: You can lock the sales price when you rent it. Before you
actually buy it! And can walk out of the deal later on if you change your
mind.
• Credit problems are okay: Qualification restrictions are lesser. You will
be approved at the sole discretion of the seller.
• Rapid equity growth: Home equity accumulates much faster than with
conventional financing through a bank or lender.
• Minimum Cash Out of Pocket equals Increased Buying Power: When you
purchase a home conventionally, you must pay at least 5% -20% down
along with closing costs and pre-paids. When you buy with a Rent to Own,
you only pay first month's rent and a small option deposit.
• Little or no down payment at closing: Since you have given the seller an
option deposit and you have been receiving monthly rent credits, there will
frequently be very little or nothing left to pay for a down payment at
closing.
• No taxes and less liability: Since you do not own the home (yet), you will
not have to pay property taxes and your liability will be considerably
reduced.
Why Rent to Own ?
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