What is Rent-To-Own
Rent-to-own is an agreement in which you rent a home for an agreed period, with the option to buy before/when the lease expires.
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Benefits of Rent-To-Own
1
Financially Friendly Program.
The program allows you to move into a home of your choice with the intention to purchase it in the future, while only paying a portion of the down payment up front. You are then given the opportunity to accumulate the balance of your down payment over the duration of the program.
2
Fixed Rent
Say goodbye to fluctuating rent! In the Rent-To-Own program, the rent to be paid by the tenant-buyer is fixed for the entire duration required, until such time that the tenant has paid the down payment required to purchase the house.
3
Stability
The Rent-To-Own program provides the tenant-buyer with the opportunity to have a stable lifestyle for their family, as it eliminates any form of landlord related issues that could potentially require a tenant to relocate.
4
Fixed Future Price
The tenant buyer enters the Rent-To-Own program with a future fixed purchase price, in essence the tenant buyer will benefit from annual housing appreciation homes are exposed to.
5
Pet Friendly
Since the end goal for the tenant-buyer is to purchase a property, they may as well begin to enjoy the benefits of homeownership from the start of the program by having their pets live with them.
6
Safety
The Rent-To-Own program allows you to choose a home that is in good livable condition and fits your family’s needs rather than picking from the rentals available.