A Basic Overview Of How Rent To Own Works

How Rent To Own WorksRent to own is a great way to purchase the home of your dreams… even if you thought buying wasn’t possible.

Owning a home is the epitome of the American dream; but sometimes that dream isn’t as easily attained as we’d like it to be. Fortunately, rent to own programs can help you buy the home you’ve always wanted, even if your current situation is less than ideal. Perhaps you’ve heard of rent to own, but never gave it much thought because you weren’t quite sure how the process worked. That’s what we want to help you with today. In this article, we’re going to give you a brief look at how the rent to own process works, so that you can decide if it’s the right option for you.

Bad credit? No Problem.

To begin with, you should understand that you can purchase a new home under a rent to own program even if you’re dealing with bad credit. In fact, that’s the primary reason these programs exist. During the course of your lease, you’ll be working with a credit repair specialist who will help you rebuilt your credit to a score that lenders will approve.

How rent to own works…

Once you’ve been approved, and have found a home within our listings that you love, you’ll schedule a showing to make sure it’s the right home for you. Once you’re convinced the home is perfect, you make a down payment (otherwise known as an option fee), sign your lease, and move in.

During the length of your lease, you’ll be working with a credit repair specialist who understands exactly what you’ll need to do in order to qualify for a mortgage. Then, once your credit score is high enough, you’ll be able to get approved for a loan, and purchase your new home!

The benefits of rent to own…

Being able to buy a home even with less than stellar credit is only one of the many benefits of a rent to own program. With a rent to own home you get:

  • To move in immediately…
  • A guarantee that the agreed purchase price will not change during your lease…
  • A full 18 months to rebuild your credit…
  • Time to shop around and find the best rates you can qualify for…

The best part is that you don’t have to wait until the end of your lease to purchase your new home. As soon as you get approved, you can purchase any time during your lease. And best of all, if the home appraises for more than the agreed-upon purchase price, you get to keep the equity!

What are you waiting for?

As you can see, rent to own is a great option for home ownership. All it takes to start the process is to fill out our free, online application today. Why wait, when you could be on your way to owning your own home right away?

Rent To Own Home Articles For Buyers And Sellers


##################################################### #####################################################