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...]

For rent to own homes for sale, there are many unique challenges and opportunities in financing the actual purchase of the home. One of those unique opportunities is the ability to include a down payment in a monthly rent credit fee paid over a long period of time. In other words, you can actually stretch out the down payment over the length of the contract in part or in full.The major reason that people borrow money, whether it is for a car or for rent to own homes, is simply because they … [Read more...]

If you are considering the rent to own homes financing option, you may be confused as to how this process differs from a traditional mortgage. While it can seem confusing at first, this article will teach you more about mortgage brokers and the role they play in rent to own contracts.If you are like many considering rent to own homes, you may be in a position in your life where you need the extra time to either save the money, repair your credit or you just want to test out the home before … [Read more...]

The rent to own option is a fantastic financing option for many homeowners who are looking to get into the house of their dreams. For those who may have credit problems, those who may not have the initial capital to purchase a home, or those who are just interested in trying the home out before they buy it, the rent to own financing option offers a fantastic opportunity to get exactly what they want.In this article, we will discuss some of the ways that you can take the basic rent to own … [Read more...]

You may be wondering what divorce and rent to own financing have in common. It turns out, that home financing and marital issues are so closely intertwined that many home buyers realize only to late the power of these two entities acting on each other.This article will explore the intricacies of divorce and finance and what you need to look out for before you enter into a rent to own financing option contracts. Before The Contract If you are currently married and considering purchasing a … [Read more...]

When a buyer and a seller of a home are negotiating during the closing process of the home buying experience, there are plenty of things that you need to be aware of so that you are not taken advantage of by the seller of the home.During the negotiation phase there are certain things that you and the homeowner must work out that need to be paid for. These items that must be paid for are often referred to as "closing costs". The rent to own financing option offers a unique twist on closing … [Read more...]

Many of the articles that we have written thus far have been about the rent to own financing option. There is much more to purchasing a home than just the financing options available to interested home buyers.This article is going to take a look at five of the worst possible things you can do during the home buying process. Whether you are interested in using the lease option method or you're able to buy your home with a traditional purchase, this is a fantastic article to help prepare you … [Read more...]