Here are but a few Buyer Benefits of a “Rent 2 Own” with TwinCitiesRent2Own.
Your monthly rent credit works like a forced savings account. At the end of your lease when you are ready to close, those funds go towards the purchase, effectively reducing the size of your mortgage and monthly payments.
Rent credits often outpace the tax benefits of mortgage interest and property tax deductions.
You only need a small amount of up-front cash – typically 3-5%. This figure is driven by the sale’s price of the property and is often time negotiable.
You don’t need perfect credit. You may have a few blemishes on your credit report. And you know what? That’s okay!
Our credit repair partner has an unparalleled system to help you repair your credit.
Move in today – buy tomorrow.
Your rent payment can be reported to the three credit bureaus, assisting with your credit restoration.
Because you are not buying immediately, you will have time to shop around for the best mortgage package available.
The option purchase agreement is locked for the entire term of the lease. You will benefit from any appreciation in property value.
In short you will have…
Maximum leverage: You are spending very little money to control a potentially very expensive, and very profitable, piece of real estate.
Time: Before you actually buy the home, you will have 12-36 months (depending on your agreement) to repair your credit, find the best interest rates, investigate the home and research the neighborhood and/or schools.
Peace of mind: You will have significant control of the property and can maintain or improve it to your standard with the permission of the Seller.