It’s a great question! Most people think of renting a house or owning a house… but few realize there is an amazing “middle ground” – Rent-to-Own – that gives you the best of both worlds.
Renting: When you rent, you pay the landlord for a place to live. As long as your rent is paid, you have a place to live.
Owning: When you own, you take out a mortgage from the bank and they give the money to the seller. You pay the bank back for their loan.
First, you find someone who does Rent-to-Own houses, Like us…www.405buy.com
Second, you make an agreement with them to rent their house for a period of time, and it might be a few months or a few years. Our Rent-to-Own Program goes up to 24 months!
Third, you rent until the rental period is complete and then you purchase the house for an amount you and the seller agreed upon.
Rent-to-Own allows you to get into a permanent home sooner than renting the traditional way.
The period of the rental also gives you time to fix up your home and your credit if it’s not in perfect shape, so that you’ll have good credit by the time you need to get a mortgage.