There are so many unique and creative financing options for those who really want to buy a home. Even if you have bad credit, there are options out there available to you.If you are looking at the rent to own financing option to purchase a home for sale, then this article will offer you several benefits. This article will cover the topic of borrowing directly from banks in order to obtain a mortgage loan required to make the final purchase on the home once the rent to own financing contract … [Read more...]
Preparing For A Rent To Own Contract
If you decide to use the rent to own financing option to purchase your home, it is important that you prepare yourself for the reality of the situation. Knowing exactly what you are getting yourself into is key, particularly when legal contracts are signed and you become liable for certain financial aspects of the contract.This article will run you through the basics of determining whether or not you are qualified for a future loan before you enter into a rent to own contract.Since the … [Read more...]
What Closing Costs Can I Expect In A Lease Option Contract?
One of the interesting things about the rent to own financing option is that it is often home owner financed. Meaning, in many cases the bank plays no role other than administrator in the entire financing of the home. While this article will outline some of the basic closing costs associated with the typical rent to own contract, it is important to be aware that the home seller can create closing costs of their own.Budgeting for closing costs is incredibly important because closing costs can … [Read more...]
Five Things To Watch For When Renting To Own
Rent to own homes are a fantastic solution for many home buyers. Whether you are purchasing your first home or whether you are looking for investment opportunities using alternative financing, the rent to own option has a lot to offer.Like any form of financing, there are a few things that you must be aware of before you dive in headfirst to rent to own home buying. Financing a home purchase can be a very complicated and confusing endeavor for those who have never done it before, which is … [Read more...]
Is Rent To Own The Right Option For Me?
Ever since the housing market crash of 2008, more and more home sellers are finding creative ways to market their homes to perspective buyers. One of the more creative financing options that has come about as a result of the saturated home selling market, is the rent to own financing option.While this exact method has been used since the late 1960s, it is gaining in popularity because it offers a win-win situation for both the home buyer and the home seller. That being said, very few … [Read more...]
21 Ways To Become the MacGyver of Rent to Own Homes
You may be hoping that a rent to own will be your ticket to owning a home. That your less-than-perfect credit score will be overlooked. Or that it's a great way to avoid wasting money on rent.It can be all of these things!The idea is that you can purchase the house you are renting using a portion of your rental payments to help cover your closing costs. Unfortunately it's often setup wrong, making it very difficult for you to actually purchase the house.But when you know which homes … [Read more...]
Growing, Growing, Gone… The Recent Growing Pains
Well our website by nature isn't one that visitors come to daily for a rent to own search. Typically our returning visitors are on the website 2-3 times per week. So you might not have noticed the difficulties we were having over the last 2-3 days just keeping the website available on the web.Apparently we were receiving so much traffic that our hosting account was unable to handle the requests( I don't get exactly how it works either). The site was stuck in a cycle of running slower and … [Read more...]
