Why not apply your
rent towards Owning a Home?
Wouldn’t it be great to build equity WHILE you rent?
Have you been declined for a Mortgage?
You have probably seen that banks only lend money to those who don’t
need it. When you have the cash, they tell you that your credit score’s
not good enough…When you have a good credit score, then you don’t
have the cash!!
What’s the solution?
Have You Considered “Rent to Own”?
Just take a look at some of the benefits:
1. You could earn equity each month, simply by paying rent.
2. There is no bank qualifying required to get started.
3. You only need 3-5% down payment in some instances.
4. You get to “test-drive” the home and check out the neighborhood
before you commit to buying…
…And so much more that you NEED to know NOW
How Can REAL SOLUTIONS assist You in making “Rent to Own” work for You?
Are you ready to negotiate the best deal for yourself?
• STOP throwing away money on rent each month, and
• START building equity with each payment you make!
IS REAL SOLUTIONS RENT TO OWN FOR YOU?
Well, that’s a good question. The good news is that it probably is the
easiest way currently to get into the home of your choice with no bank
qualifying and minimal down payment (usually between 3-5% of
the purchase price).
A) Sample property for sale:
o Price of 3 BR, 2 BA home: $150,000.00
o Down payment based on traditional lending: $30,000.00 or 20%: $30,000.00
o Credit history will be checked thoroughly, along with income, job history, etc.
o Past landlords will be contacted and character references may be necessary.
• B) Same property purchased on Rent to Own basis:
o Price: $150,000.00 (possibly higher depending on conditions in your area)
o Down payment or “Option Consideration”(5% - $7,500.00) or ( 3% – $4,500.00 (Depends on the seller)
o Credit history not checked by a bank, so there will be minimal criteria upon which you will be evaluated.
Here it is! The bottom-line?
You get to move into your dream home for minimal outlay, no bank
qualifying, and best of all, usually your option consideration is
applied to the down payment when the option is exercised (when you
purchase the home). Also, depending on the figures of your actual deal,
you are also entitled to a rent credit each month. This is applied to
the purchase price of the home. Now you are building equity with each
rent payment.
Let’s get started with the nuts and bolts of Rent to Own!