What Are Your Living Options?
b. Buy a house slowly by being approved by a banking institution due to good credit. Put something down on a house and pay monthly mortgage payments.
c. Rent a house from someone else who had the privilege of (a.) or (b.)
d. Put something down on a house and pay monthly rent payments that come off of the total cost of the house. And when your credit is better, sign a mortgage and own it because you’ve earned the privilege.
e. None of the above. You live on the streets, in a tent, in a hammock, at your aunties or your grandma’s house that she (a.), (b.), (c.) or (d.)
What’s The Worst Case Scenario With Rent-To-Own?
a. You want to move before your rent to own contract is up, and the money you put into renting could come off the cost of the house, but it doesn’t because rent will not transfer as back payment for a different location.
b. Your credit doesn’t improve despite the rental payment history added to your report maybe because you neglect your bills and leave items in collections and your credit doesn’t improve …and in 1-3 years you cannot buy the house, you have to keep renting-to-own…
c. You just rent while you repair credit to buy…and the money definitely goes in the black hole and you don’t “get ahead” to (a.) or (b.).
Pass the test. You HAVE to live somewhere. Somehow. Perhaps rent-to-own answers is your answer. Click here to find out.