Rent to Own Home – Every Day Consumer Spot

If people aren’t ready to buy a home just yet, they usually think that they’re stuck renting an apartment until they feel prepared. Surprisingly, that’s not the case, and continuing to rent an apartment might actually be a bad idea. Here are some reasons why renting-to-own a home might be more financially beneficial than renting your current apartment. It Could Be Cheaper In big cities like Chicago, New York City, and Miami, rent prices are incredibly competitive. You’ll most likely end up paying an arm and a leg for…

Housing

5 Great Benefits of a Rent to Own Home

November 1, 2018November 12, 2018 adminRent to Own Home0 comment

Secure a Home Right Now You may not quite be able to afford buying a house yet, but you can still start the process right now. This is especially ideal for people that have their eye on a particular home, but aren’t quite financially prepared. You don’t have to be able to afford a down payment or even qualify for mortgage to secure your dream home. Although a rent to own home usually does require some deposit, it is much lower and usually very affordable. The length of the lease…

Housing

Consider These Things Before Getting A Rent to Own Home

October 3, 2018November 12, 2018 adminRent to Own Home0 comment

Make sure the seller isn’t at risk of losing the property If the seller ends up losing the property during your lease agreement, you could end up losing all the money you had paid towards the purchase price while also suddenly being without a home. Make sure the seller is financially stable and is not entering into legal proceedings, such as divorce or racking up any serious debts. Some home owners try to use a rent to own lease agreement as a last attempt to pull themselves out of financial…

Credit Housing

How Renting to Own a Home Can Boost Your Credit Score

October 3, 2018November 12, 2018 adminCredit Score, Rent to Own Home0 comment

A large percentage of American citizens have credit scores that are lower than they’d like them to be. This can prevent them from applying for loans, credit cards, insurance, apartments, and many other important things. The process of raising a credit score once it’s been damaged can seem extremely difficult. Some people try paying off credit cards to slowly increase their score while others work on establishing a lengthy history. No matter what method they use, it’ll require patience and plenty of time. If your score has been damaged or…

Housing

Here’s Why Renting to Own a Home Is Actually a Great Investment

September 30, 2018November 12, 2018 adminRent to Own Home0 comment

When most financially-savvy people hear the word “rent,” they immediately think of money being thrown away. For instance, when you rent an apartment, you’re simply handing money over to a leasing office or landlord without investing in anything you own. However, with rent-to-own homes, the rental agreement is actually a worthwhile investment in your future. They can be a wonderful way to buff up your finances, get your hands on some valuable real estate, and put money towards your future dream home. Not sure how? Keep reading. Rent-to-Own Homes…

Housing

What Is a Rent to Own Home?

August 31, 2018November 12, 2018 adminHousing, Rent to Own Home0 comment

What is a rent to own home? To put it simply, a rent to own agreement allows you to rent a house with the option of purchasing the house at the end of a set amount of time, which is often one to three years. Some contracts may require you to purchase the home at the end of the allotted time. The rent to own contract will include the amount to be paid as monthly rent and the sale price of the house. This method of working towards purchasing a…