RTO is a smart way to reach your goal of homeownership.
For many, homeownership is a sign of financial stability. A home is an investment that can appreciate in value and provide income tax deductions. A home is a smart investment, because you can use leverage (use a small initial investment and borrow funds to gain a very high return relative to one’s investment) to increase your net worth while you gain equity (ownership of home free of mortgage). RTO is a smart way to reach your goal of homeownership. Find a home to rent to own today.
Our Rent to Own Program
----> Fill out the form at the bottom of the page to enroll in our Rent to Own Program. <----
The best homeownership program for people with credit challenges or no down payment.
We know there are many of you who want to own a home but do not think you qualify for a mortgage loan. Maybe you don’t have a sufficient down payment or have less-than-perfect credit. We can work with any one or a combination of these scenarios. Our rent to own program is simple, because our only objective is to aid you in obtaining a mortgage loan in 2- 8 months. 80% of our clients have obtained a mortgage after going through our rent to own program.
80% of our clients have obtained a mortgage after going through our rent to own program.
How We Help You Obtain a Mortgage
A lender is happy to give you a mortgage loan if you have proven you can pay back the loan. The lender has standard formulas to determine your ability to pay back the loan, and we simply follow those standards. The three main factors that determine your eligibility for a mortgage includes ) your income, 2) debt and 3) use of credit.
Income + Debt + Use of credit = Eligibility for a loan
Although the formula for obtaining a loan is fairly standard, people’s situations are not. The first step would be to determine your personal situation and how it fits into this formula of obtaining a loan. Income is easy to calculate; everyone should have an idea of their monthly or yearly earnings. Debt should include your estimated mortgage payment plus your current debt (credit cards, car loan, student loan, etc).
Your monthly mortgage payment should be no more than 30% of your monthly income, and your total debt (including your mortgage payment) should be no more than 40%. We can help you determine the mortgage payment you can afford by filling out our Pre-Qualification form.
Getting pre-qualified is easy and helps you understand what price range of homes you should be looking in. In fact, after you get pre-qualified, you can immediately start looking for a home, because even if your debt is too high or your credit scores are too low, we will work with you for the next 2-36 months to lower your debt and improve your credit scores. You may also search for a home first and then determine your pre-qualification. It’s not important what order that comes in.
