Escape The Renters Trap!
Did you know there are programs available that allow renters to buy a home simply by paying their rent?
Here's what's involved:
1. You can find the perfect home for you and your family.
If you have been having a hard time saving up some money to purchase a property, but you can afford monthly or regular payments, buying a rent to own home can be helpful. The rent to own arrangement allows you to gather enough money or even repair your credit score. It is an excellent option for those who need some time to fix their financial issues.
Even though you are not the owner yet, you can rent the place. It gives you the ability to closely inspect the area and the whole house. You can then determine whether or not it is the property you should buy.
2. You can relocate quickly.
Sometimes, a quick relocation may be necessary. For instance, you need to transfer for a job and you only have limited time. Lease option homes can be beneficial because paperwork is usually not necessary. You do not have to apply for a mortgage loan to get the deal.
3. You do not have to worry about getting a traditional mortgage.
Not everyone has an excellent credit rating. If you have had issues, such as previous foreclosures, debts, and others, you most probably have a low credit score. Therefore, applying for a mortgage may not be the best thing to do right now. You have the time to fix the problems while you rent.
Even better, you have the chance to prove your creditworthiness. All you need to do is make timely payments for your rent, along with the additional percentage for the option money.
4. The price is fixed.
Right from the moment you signed the contract, you will already be provided with the price of the house. It should be fixed and final so you will not be concerned with price appreciation. The reason is that the purchase price will not change. The seller also cannot suddenly decide to increase the prices within the contract timeframe, which is indeed beneficial for you.
5. You have full control of the house.
When renting the property, you can act as if you own it. The moment you move in, you can gain control over it. If there are areas that you think require adjustments or improvements, you may be allowed to do so. Be sure to consult with the owner first so you know that you are not violating any terms.
6. There are no taxes involved.
As opposed to owning the house straight away, you do not have to pay property taxes while you are still renting. You have time to save money until you can afford to make all the necessary payments.
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Escape The Renters Trap!
Did you know there are programs available than allow renters to buy a home simply by paying their rent?
Here's what's involved:
1. You can find the perfect home for you and your family.
If you have been having a hard time saving up some money to purchase a property, but you can afford monthly or regular payments, buying a rent to own home can be helpful. The rent to own arrangement allows you to gather enough money or even repair your credit score. It is an excellent option for those who need some time to fix their financial issues.
Even though you are not the owner yet, you can rent the place. It gives you the ability to closely inspect the area and the whole house. You can then determine whether or not it is the property you should buy.
2. You can relocate quickly.
Sometimes, a quick relocation may be necessary. For instance, you need to transfer for a job and you only have limited time. Lease option homes can be beneficial because paperwork is usually not necessary. You do not have to apply for a mortgage loan to get the deal.
3. You do not have to worry about getting a traditional mortgage.
Not everyone has an excellent credit rating. If you have had issues, such as previous foreclosures, debts, and others, you most probably have a low credit score. Therefore, applying for a mortgage may not be the best thing to do right now. You have the time to fix the problems while you rent.
Even better, you have the chance to prove your creditworthiness. All you need to do is make timely payments for your rent, along with the additional percentage for the option money.
4. The price is fixed.
Right from the moment you signed the contract, you will already be provided with the price of the house. It should be fixed and final so you will not be concerned with price appreciation. The reason is that the purchase price will not change. The seller also cannot suddenly decide to increase the prices within the contract timeframe, which is indeed beneficial for you.
5. You have full control of the house.
When renting the property, you can act as if you own it. The moment you move in, you can gain control over it. If there are areas that you think require adjustments or improvements, you may be allowed to do so. Be sure to consult with the owner first so you know that you are not violating any terms.
6. There are no taxes involved.
As opposed to owning the house straight away, you do not have to pay property taxes while you are still renting. You have time to save money until you can afford to make all the necessary payments.
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RENTERS: LAST UPDATED OCT 19
Renters Discover Homeownership is Possible with New Rent To Own Program
Do Not Pay Another Months Rent Until You Read This
NOTE: Rent To Own Agreements Don't Require Good Credit or a Downpayment
Here's How To Get Started
1. Follow the Link Below and Enter Your Zip Code
2. Select The Property Type Your Looking For So Our System Can Locate Available Properties.