Many folks dont know that renting-to-own is a real option TODAY for them if they feel they arent in a position to own a home right now (maybe due to challenged credit for instance), but they ultimately do want the many benefits of no longer having to rent. Its a flexible program designed to help you move into the home TODAY that you eventually want to own (called Exercising your Option to Purchase) as it gives you the time you need to address any temporary items that may be keeping you from your goal of home ownership, all the while you are enjoying living in your dream home! Below are some quick highlights and theres more detailed information at BuyBaltimoreProperties/FAQ . Quick Links to our Website Forms: Available Rent To Own Homes: BuyBaltimoreProperties Tell us exactly what youre looking for: BuyBaltimoreProperties/dreamhome Free, no credit check application: BuyBaltimoreProperties/application Property Showing Request: BuyBaltimoreProperties/showing General highlights of our Rent-To-Own program (Every Owner & home is different): 100% of your Option Down Payment/Option Fee goes towards the home! Owners are typically looking for anywhere from 3-7% of the Option price for an upfront Option down payment. You lock in your Option price & monthly rate for 18 months (or more possibly). The more you have available to put down, the more flexible the Owner can be. Challenged credit is okay for rent-to-own! Please check out our detailed Credit Repair page at BuyBaltimoreProperties/credit-repair. Ask us how we can get your credit repair expense to be added as part of your Option down payment! Just a couple things to keep in mind to further strengthen any rent-to-own application youd like to submit for any of our homes: We encourage client to have available at least $5,000 for City properties and $7,500 for County properties at a MINIMUM. Higher option price homes may have even higher requirements. Its not that owners wont work or be flexible with less necessarily, its just likely youll be competing with others who have at least those amounts to provide for the Option down payment. Your Option down payment/Option fee can come from any source including: gift money, 401k, pension/retirement, etc. You can even pledge your tax refund! Feel free to contact me with any further questions. We hope to be working with you soon! Keith & Shannon French Owners Office: 410.635.4474 Fax: 410.777.8437 info@BuyBaltimoreProperties BuyBaltimoreProperties
Posted on: Tue, 27 Jan 2015 23:30:15 +0000
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