Are you looking for a home to buy but lack the finances to pay a substantial down payment? Perhaps, you have tried to purchase a home with a traditional bank loan. However, your credit is less than stellar to secure the financing from a lender to buy the home of your dreams. If so, you should consider the option of rent to buy houses in Whitby, ON area that offers an alternative solution to purchasing a home. This opportunity allows you to lease the home until you either pay off the contract or able to refinance the residence with a lender within a specific time frame.
Benefits of Renting to Own Options for a Buyer
- You are not required to pay a large down payment to obtain the property immediately.
- A portion of your rent payment will go towards paying for the home to reduce the purchasing price when you apply for a traditional home loan.
- Rent to buy houses in Whitby ON helps the buyer build equity in the property.
- Allows the seller to offer more flexibility in purchasing the home and provides you with the opportunity to prove that you can make the monthly payments.
- You can learn more about the home such as any home improvements that need to be made before completing the final transaction on purchasing the property.
Find a Solution Today to Become a Homeowner
R.W. Carr Investments CO offers a variety of services when it comes to investing in real estate. You can gain the valuable information you require to ensure a sell is successful. In addition to finding a solution when it is difficult to close on a rent-to-home purchase. From contractional responsibilities to financing, you can have access to the resources you need to help you purchase a home.