Tammy Harrison

Rent To Own

You'll pay rent during your lease period, and a portion of that rent money typically goes toward your down payment once you decide to buy the home.

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Low Credit Score

A good option for those with low credit scores, because it gives you time to work toward improving your score before you need to apply for a mortgage.

Downpayment

It’s a home buying method that allows a renter to save up for a downpayment and eventually own the home that they rent. Over time, the down payment grows.

Tammy Harrison

Rent To Own
Must Know

Rent-to-own agreements allow potential buyers to save for a down payment while renting the home they eventually plan to buy.

Consult Lawyer

Speak to a lawyer and have them review all contracts before signing. Research the person or company offering the rent-to-own agreement to understand who you’re doing business with fully. be prepared to hold up your end of the agreement to ensure a smooth and satisfactory

No Credit Score

renting-to-own can help you build up a low credit score. Instead of putting off a home purchase while repairing your credit, you can move into your future home and work towards saving a down payment while simultaneously building credit.

Know your Agreement

An agreement between a tenant and landlord, where the tenant pays a set rent to their landlord, with a portion set aside for the purposes of building a down payment. The down payment grows and, eventually, the tenant is able to purchase the home outright off their landlord. 

Tammy Harrison

Must Know About
Rent To Own

If you’re thinking of entering into a rent-to-own agreement, be sure to have your lawyer look over the contract to help you understand each of the requirements in the agreement.

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Tammy Harrison

Book Your Rent To Own

If you’re struggling to obtain a mortgage, rent-to-own might be a good way for you to purchase a home eventually. However, it’s crucial to enter into a solid agreement where both parties are legally protected and understand the stipulations and requirements of the contract.

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Tammy Harrison

Homes Of Hernando Rent To Own Tips & Tricks

Here are Tips for Rent to Own Property:

  • Have your lawyer look over the contract.
  • Only consider when you don't have down-Payment.
  • Must consider when you low credit score.
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