Benefits of Rent-To-Own for Your Next Home

You can own your own home quicker than you think using Rent-to-Own!

At Brighter Day Homes, we often come across opportunities to help renters become home owners through our “rent-to-own” program.  This is also referred to as a “lease-option” or a “lease purchase” program.

BENEFITS OF RENT-TO-OWN

There are many benefits to a renter in doing a rent-to-own program for a home.  Some of these benefits include the following:

– You can move into the house you want to buy right away, rather than having to wait years in a small apartment or other living space while trying to build your credit, etc.

– You can move into the house with an initial down payment that is smaller than what you would otherwise have to put down for a mortgage.  The down payment on the option to buy is typically about 3%, and is applied towards the purchase price!

– You work side by side with an experienced mortgage broker and credit specialist who will find you the perfect mortgage product to purchase the home with.

– If you decide you need more time, the option-to-buy period and lease term can be extended.

– You are building your credit while making on time lease payments.  We are happy to report on your payment history to any mortgage lender.

– Most importantly, you are put on the right track to owning your own home!

If you have any questions about our program, please do not hesitate to call us at 205-390-1050.

 

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