Rent To Own Homes In Columbus Ohio: Why They’re A Great Idea For Buyers

Rent To Own Columbus Ohio ProsHome ownership is an integral part of the American Dream; but sometimes circumstances in life make owning your own home a little bit more difficult. When this happens, finding a rent to own home deal may be the best way to get your family into the home you’ve always wanted. In this article, we’re going to look at the top reasons why you may decide that choosing a rent to own, or lease option, home is the right choice for you.

In Need of Credit Repair?

One of the most popular reasons why people choose a rent to own home, rather than applying for a traditional mortgage, is that their credit rating is less than perfect. Recent economic events have made it very difficult for all but the most perfect credit ratings to qualify for a mortgage. With a rent to own, or lease option, home, you can get into the home of your dreams, and have time to fix your credit rating while you’re renting.

Need More Time to Save Your Down Payment?

Perhaps you’ve been saving so that you can afford a down payment, but can’t quite reach the 20% of the purchase price most lenders now require for the house of your dreams. With a rent to own home, if you make your payments in a timely manner so that you can take advantage of rent credits, a portion of your monthly payment can be applied toward the down payment of the home, so that when your lease is finally up you have more than enough to qualify for a mortgage!

Need to Move Now?

Moving to a new neighborhood, but don’t have time to work with a Realtor to find a home? A rent to own specialist can help you find the perfect home, and have you moved in in no time at all. Sellers of rent to own and lease option homes are very motivated to find tenants for their homes, which means you won’t have to wait as long to move in as you might with a house purchased through a Realtor.

Take Your Time Finding the Right Lender!

Just as choosing a rent to own home helps you move into your dream home faster, it also allows you enough time to choose the right lender. With a traditional home purchase, you are subject to the mercies of the lenders when it comes to fees and interest rates if you want to grab a home before someone else snatches it off the market. But with a rent to own home purchase, you have the entire length of your lease to shop around for the best deal; and when lenders know they aren’t your only option, they’ll be more likely to work with you to give you a better deal.

A qualified rent to own investor like New Horizon Family Homes can help you find the perfect home for your needs. With so many benefits to choosing a rent to own home, it’s little wonder that so many prospective home buyers are looking into lease options for their next home.

Rent To Own Home Articles For Buyers And Sellers


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