Rent, Rent with Option or Owner Finance? |
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 There are many ways to get out of that tiny apartment. Rent (Traditional): The typical lease you are used to. When the lease term is up you move out. Rent with Option: You have the option to purchase at the end of the lease. Usually, the purchase price is determined at or near the end of the lease term. Lease Purchase: Requires a down payment that is applied towards the purchase often along with a small portion of the monthly rent. Usually, a price is determined up front. Owner Finance: The best way to finance a purchase if you 'just miss' qualifying for a loan. The price is set now. It requires a small down payment and the owner finances you 12-24 months. You own it! No need for a bank! Bonus: you get all the tax breaks! With Owner Finance you need good credit (630+) and about 3% down. |
The demand for non-apartment rentals has soared. Often times there are multiple offers on properties. The owners know they are in control of the market. The smart renters need to be prepared. Please provide some info so we can make sure you can get the best place available: (This information is never shared) Sorry: We don't do Sect 8 or Rent Vouchers at this time. |
Landlords have become very selective with their future tenants. If you are looking to move up to a house or town home your credit scores need to be 620+ and you must have good employment. If you are prepared, we can help get you a great place at a great price! Here is what you need: Current Credit Report Must show FICO scores. FYI: 'free' sites are not free. TransUnion.com or AnnualCreditReport.com. Letter of explanation (if scores are <650) Lease Application Fill out form asap. Proof of Income. Copies of 2 paychecks. Background Check USSearch.com InteliUS.com SentryLink.com IntellicorpInTouch.com |
