Home Rent to Own | Power of Sale/Foreclosure | Credit Management Have You Been Declined For Home Financing? | Page 5

Top 3 Benefits Of Rent To Own
Programs
1.
Get your dream home now and pay over years
• Typically, when entering a rent to own agreement, an Option to
Purchase is included in the contract. This means that for a monthly
fee, the now tenant future owner acquires the right to purchase the
property usually after two or three years at a set price. The monthly
fee that goes on top of the rent is considered to be a down payment
and it can be between 2 to 2.5% of the overall property price. The
idea behind this is that by the end of the arrangement, this will come
up to 5% and potentially, the tenant would have built their credit
scores enough to qualify for a mortgage in order to close the deal.
2.
Settle in your future home and test waters
• There is no waiting list or lengthy process associated with a rent to
own program. You and your family have the possibility to move in as
soon as everything has been agreed and signed.