"Thanks to the rent-to-own program, I was able to finally own my dream home. The process was smooth and easy to follow. I highly recommend it to anyone who wants to achieve their homeownership goals!" - Sarah K.
"I was hesitant at first about the rent-to-own program, but after learning more about it and working with the team, I can confidently say it was the best decision I made. I now have a home I can call my own and a plan to pay it off. Thank you, rent-to-own!" - John D.
What is rent-to-own program?
Rent-to-own program, also known as lease-to-own or rent-to-home, is a housing agreement where tenants have the option to purchase the property they are renting after a specified period of time.
How does rent-to-own work?
In a rent-to-own program, tenants sign a lease agreement with the option to purchase the property they are renting after a set period of time. During the rental period, a portion of the rent payments are applied towards the down payment for the purchase of the property.
What are the benefits of rent-to-own program?
The rent-to-own program allows tenants to live in their desired property while saving money towards their future home purchase. It also provides tenants the opportunity to build equity, improve their credit score, and avoid the costs of moving multiple times.
Who is eligible for rent-to-own program?
The eligibility criteria for rent-to-own program may vary based on the program provider. However, generally, tenants who can demonstrate their ability to make rent payments and who are committed to purchasing the property are considered eligible.
What happens if I decide not to purchase the property after the rental period?
If you decide not to purchase the property after the rental period, you can choose to walk away from the deal without any further obligation. However, you may lose the option fee and the rent credits that were applied towards the purchase.
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