The list of advantages to the buyer of Renting to Own goes on and on. We've outlined several in previous posts.
Here are two more advantages:
* The Money You Put Down is Fully Credited Toward the Purchase Price. The money you put down toward a Rent to Own -- typically between three and five percent of the purchase price of the home -- is 100 percent credited toward the purchase price.
* Your Rent Money Is Working For You, For A Change. Instead of just securing your landlord's financial future by paying his rent, some or all of your rent money actually goes toward the purchase price -- and the equity -- of your home! Once you pay rent on a straight rental, that money has left your life forever.
But when you pay rent on a Rent to Own home, part or all of the rent you pay is credited toward the purchase price of the home. Many banks or mortgage brokers will consider this your "down payment" on the home. IN our current economy, unless you have pristine credit AND 25 to 30 percent to put down on a home, no one is going to give you a mortgage. So how are you ever going to save up that down payment money? By earning Rent Credit while you Rent to Own. There is no better way.
Rent credit varies from home to home, but we can help you earn thousands of dollars toward the purchase of your next home through our easy to qualify Rent to Own program.
Call us at 630-697-4500 and we'll help you make your rent money work for you instead of against you.
See Rent to Own properties we have available and join our email list at MyHappyHomeSolutions.com
Thursday, March 1, 2012
Wednesday, February 15, 2012
What Are The Advantages of Renting to Own My Next Home? Part 2
There are many advantages to Renting to Own over simply renting. We outlined two -- lower down payment and earning rent credit toward the purchase price -- in a previous post.
Here are two more advantages:
* Qualifications Not As Strict as in Conventional Financing. Your credit score and other such factors are not as important when renting to own as they are when you purchase with a conventional mortgage. In fact, most Rent to Own buyers are in the process of credit repair while renting to own. You can earn rent credit toward the purchase price while you repair your credit, and then qualify for a mortgage a year or two down the road -- but having earned thousands or tens of thousands in rent credit toward the home which you otherwise would have lost in rent money.
* Past Credit Problems Not a Roadblock. Bankruptcy, foreclosure, short sale, collections from medical bills... You will have a tough time getting a conventional loan for quite a while with these on your credit report. Fortunately, with rent to own, you can begin earning money toward the purchase of the home while you work at resolution of some of these credit trouble spots, or while you let time erase some of them.
We can recommend credit repair specialists and programs -- or even mortgage brokers who specialize in working with credit repair -- to help you clean up your reports, all while you are putting your rent money to work toward the purchase of your next home.
Call us at 630-697-4500 and we'll help you get out of the rental road to financial ruin.
See Rent to Own properties we have available and join our email list at MyHappyHomeSolutions.com
Here are two more advantages:
* Qualifications Not As Strict as in Conventional Financing. Your credit score and other such factors are not as important when renting to own as they are when you purchase with a conventional mortgage. In fact, most Rent to Own buyers are in the process of credit repair while renting to own. You can earn rent credit toward the purchase price while you repair your credit, and then qualify for a mortgage a year or two down the road -- but having earned thousands or tens of thousands in rent credit toward the home which you otherwise would have lost in rent money.
* Past Credit Problems Not a Roadblock. Bankruptcy, foreclosure, short sale, collections from medical bills... You will have a tough time getting a conventional loan for quite a while with these on your credit report. Fortunately, with rent to own, you can begin earning money toward the purchase of the home while you work at resolution of some of these credit trouble spots, or while you let time erase some of them.
We can recommend credit repair specialists and programs -- or even mortgage brokers who specialize in working with credit repair -- to help you clean up your reports, all while you are putting your rent money to work toward the purchase of your next home.
Call us at 630-697-4500 and we'll help you get out of the rental road to financial ruin.
See Rent to Own properties we have available and join our email list at MyHappyHomeSolutions.com
Wednesday, February 1, 2012
What Are The Advantages of Renting to Own My Next Home?
Whether you call it Rent to Own, or "lease-purchase" or "lease-option" or "lease with an option to buy," it can make good sense to acquire your next home using this technique.
Whether it is your dream home we're talking about, or maybe just your "starter" or "re-starter" home, Rent to Own has many advantages for the buyer.
Among them:
* Low Down Payment to Get Into the Property. You won't need nearly as much to initiate making this your home long-term as you would if you were just buying it today. Instead, you can put down a lesser amount now, and then build on that over time, especially when you...
* Receive Rent Credit Toward The Purchase Price. The amount and terms vary from home to home, but almost all rent to own properties allow you to apply some (sometimes even all) of your rent toward the purchase price of the home.
Many mortgage brokers and banks will consider this your "down payment" when considering your loan application, so it allows you to build up potentially tens of thousands of dollars you would otherwise have simply spent on rent, with no long-term benefit to you and your family's financial future. How else are you ever going to save that much money? Most people never do.
Don't throw your hard-earned money away on rent -- once you pay the rent, that money is gone forever. With Rent to Own, that money can still work toward your future financial security.
Rent to Own homes are not always easy to find, but we've always got several available. Call us at 630-697-4500 and we'll help you find a Rent to Own home of your own!
Adam and Diane St. James
MyHappyHomeSolutions.com
Whether it is your dream home we're talking about, or maybe just your "starter" or "re-starter" home, Rent to Own has many advantages for the buyer.
Among them:
* Low Down Payment to Get Into the Property. You won't need nearly as much to initiate making this your home long-term as you would if you were just buying it today. Instead, you can put down a lesser amount now, and then build on that over time, especially when you...
* Receive Rent Credit Toward The Purchase Price. The amount and terms vary from home to home, but almost all rent to own properties allow you to apply some (sometimes even all) of your rent toward the purchase price of the home.
Many mortgage brokers and banks will consider this your "down payment" when considering your loan application, so it allows you to build up potentially tens of thousands of dollars you would otherwise have simply spent on rent, with no long-term benefit to you and your family's financial future. How else are you ever going to save that much money? Most people never do.
Don't throw your hard-earned money away on rent -- once you pay the rent, that money is gone forever. With Rent to Own, that money can still work toward your future financial security.
Rent to Own homes are not always easy to find, but we've always got several available. Call us at 630-697-4500 and we'll help you find a Rent to Own home of your own!
Adam and Diane St. James
MyHappyHomeSolutions.com
Tuesday, January 24, 2012
Major Investment Expert Says the Time to Buy Houses is NOW!
One of our local realtors recently wrote an article quoting a major investment expert, a former Goldman Sachs investment banker -- and the man who wrote two books predicting the real estate bubble, and it's burst...
Woodridge Realtor Elena Taylor knows it, and you should too -- with home prices at their lowest levels in 10 years, and mortgage rates at their lowest levels just about ever -- now is the time to buy.
And if you aren't quite ready to take advantage of this rare economic situation right now, then take a few minutes to investigate the Rent to Own option. Call us at 630-697-4500 to discuss.
Read Elena's article here:
Goldman Sachs Investor Says Buy or Refi a Home NOW!
Woodridge Realtor Elena Taylor knows it, and you should too -- with home prices at their lowest levels in 10 years, and mortgage rates at their lowest levels just about ever -- now is the time to buy.
And if you aren't quite ready to take advantage of this rare economic situation right now, then take a few minutes to investigate the Rent to Own option. Call us at 630-697-4500 to discuss.
Read Elena's article here:
Goldman Sachs Investor Says Buy or Refi a Home NOW!
Monday, January 23, 2012
Even the Mega-Rich Rent to Own their Dream Homes!
Why Do Even the Mega-Rich Often Rent to Own Their Homes? Because it Makes Sense. On many levels.
* Get to experience the home and the neighborhood before you commit to the actual purchase.
* Instead of just throwing away money on rent, which you will never get back, you can apply part -- or sometimes even ALL -- of your rent payments toward the purchase price of the home, helping you build up the down payment amount mortgage brokers and banks will require you to put down before they give you a loan. Is there any other way you are going to save up $10,000 or $20,000 or more?
Here's a Rent to Own success story about the former President of Facebook (now a mega-rich investment fund director, and founder of the newly popular music-sharing website, Spotify) and how he rented his new $20 million dollar home from some other mega-rich person before finally making the purchase,
Sean Parker, Spotify and Founder's Fund
Location: New York
Cost: $20 million
Bedrooms: 6
Bathrooms: 7 full, 1 half
Square footage: 7,500
Sean Parker disputes his bad boy portrayal by Justin Timberlake in the 2010 film "The Social Network." But the former Facebook president and Napster co-founder is certainly living it up in his new home, a $20 million West Village townhouse known as the Bacchus House.
Formerly owned by Italian liquor heir Enrico Cinzano, it includes an indoor pool and gym, garage, theater, a chef's kitchen and an elevator.
Parker, now a managing director at the Founders Fund, a San Francisco venture capital firm, and a director of Spotify, an online music service, PURCHASED THE HOME LAST YEAR, AFTER RENTING IT FOR SOME TIME, and throwing his share of over-the-top parties.
Call us at 630-697-4500 and we'll help you rent to own your dream home too!
Adam and Diane St. James
MyHappyHomeSolutions.com
* Get to experience the home and the neighborhood before you commit to the actual purchase.
* Instead of just throwing away money on rent, which you will never get back, you can apply part -- or sometimes even ALL -- of your rent payments toward the purchase price of the home, helping you build up the down payment amount mortgage brokers and banks will require you to put down before they give you a loan. Is there any other way you are going to save up $10,000 or $20,000 or more?
Here's a Rent to Own success story about the former President of Facebook (now a mega-rich investment fund director, and founder of the newly popular music-sharing website, Spotify) and how he rented his new $20 million dollar home from some other mega-rich person before finally making the purchase,
Sean Parker, Spotify and Founder's Fund
Location: New York
Cost: $20 million
Bedrooms: 6
Bathrooms: 7 full, 1 half
Square footage: 7,500
Sean Parker disputes his bad boy portrayal by Justin Timberlake in the 2010 film "The Social Network." But the former Facebook president and Napster co-founder is certainly living it up in his new home, a $20 million West Village townhouse known as the Bacchus House.
Formerly owned by Italian liquor heir Enrico Cinzano, it includes an indoor pool and gym, garage, theater, a chef's kitchen and an elevator.
Parker, now a managing director at the Founders Fund, a San Francisco venture capital firm, and a director of Spotify, an online music service, PURCHASED THE HOME LAST YEAR, AFTER RENTING IT FOR SOME TIME, and throwing his share of over-the-top parties.
Call us at 630-697-4500 and we'll help you rent to own your dream home too!
Adam and Diane St. James
MyHappyHomeSolutions.com
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