What is Rent To Own?  How does it work.

For clients who cannot qualify to get a mortgage to purchase a home, the Rent to Own Program maybe the solution for them.  The program allows the client to enter into a contract with an real estate investor where they move into the property they want to buy and pay the investor rent until they are ready to purchase the property form the real estate investor.  Here is an example.
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More than 1 in 4 renters are planning to buy a home in the next two years according to recent study commissioned by The Mortgage Group (TMG).  This could translate to about 12% growth in ownership.  Of those surveyed, more than 54% said they would likely buy sooner if they expected interest rates to rise 2% or more in the next year.  While the fear of future rate hikes often drives consumers psychology, a budding homebuyer may also want to consider:
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