{"id":766,"date":"2020-04-29T20:02:48","date_gmt":"2020-04-29T20:02:48","guid":{"rendered":"https:\/\/myprivatelender.com\/?p=766"},"modified":"2023-07-06T05:34:15","modified_gmt":"2023-07-06T05:34:15","slug":"lease-to-own","status":"publish","type":"post","link":"https:\/\/myprivatelender.com\/2020\/04\/29\/lease-to-own\/","title":{"rendered":"Rent to own a home"},"content":{"rendered":"

Acknowledge is priceless!<\/a><\/h2>\n

People have many options to purchase a home, one of them so-called Rent To Own. It is a solution for clients unable to save down payment during a foreseeable time and or who have credit issues. In any case, before you enter into any type of rent or rent-to-own agreement, you must contact an experienced mortgage broker. There are many landlords; investors unable to sell their property are resorting to this type of arrangement. Reasons can be, I am not saying for sure; overpriced property, the property needs upgrading, fraud, and so on.<\/p>\n

So this is a two-way street. Two parties want to make a deal, however, it has to be fair and you must look to get the right advice from your trusted adviser<\/a><\/strong>, your mortgage broker, to: check out ownership and vendor really own the property.<\/p>\n

What to watch for!<\/h2>\n

 <\/p>\n

check out the property, what type of liens, caveats are on, and whether they are removable<\/p>\n

\"\"

Rent to own!<\/p><\/div>\n

check out the price it is not grossly overvalued
\nhow to get an appraisal to ensure you are not being taken for a ride
\nhow to make sure to execute the right type of Lease To Own Agreement
\nhow to properly document the down payment
\nproperly document the funds paid to the vendor and it will qualify as additional down payment
\nthe right documents executed the right way to ensure mortgage approval in due time
\nreasons to use a reputable law firm will pay off, you can bet on it<\/p>\n

Many other hidden agendas can be discovered when you try to obtain a mortgage at the time the Lease To Own Agreement becomes due. We just wanted to make sure, you will not lose all you money what you have put toward the purchase price of the property and you have to start all over. FREE<\/strong> Consultation<\/a> to avoid possible issues will save you money, time and possibly losing a bundle.
\nDo not enter in an agreement before you are knowledgeable, will cost you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Acknowledge is priceless! People have …<\/p>\n","protected":false},"author":2,"featured_media":1646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[15,53,16,54],"yoast_head":"\nRent to own a home - Private Lender Inc.<\/title>\n<meta name=\"description\" content=\"Lease to own a property is a great solution when you are lack of down payment. Establish ownership and start growing equity. 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