How does Rent to Own Work?
How do you get qualified?
Have you ever wondered if you could own a home, even with poor credit or a recent bankruptcy? You can with a rent to own, also known as a lease option home! Some key questions to ask are:
1. Do my credit or recent bankruptcy affect my ability to purchase a rent own home?
2. What are my down payment requirements?
3. Does it cost me anything to get qualified?
There are many programs available out there. Make sure you trust the agent you are working with and you have the answers to these important questions.
1. Will I be able to lock down the price of the home?
2. Will my down payment go towards principal pay down?
3. Will I be able to negotiate a monthly equity credit with my monthly payments?
4. What happens if I'm late with a payment?
We have one of the best programs available and with forms drawn up by attorneys. All payments are structured through a third party escrow company so both parties are protected.
Give us a call today for more details! 801-708-3513
Brokerage Services Provided by Integra Realty
