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Rent-to-own home financing, also known as lease-to-own or lease-option, is a unique type of home financing that allows renters to secure the right to purchase a home at a future date while they are still renting. This type of financing can be a great option for those who are not quite ready to purchase a home but want to start building equity and establishing a credit history.
Mortgage Suite is a leading provider of rent-to-own home financing options. Our team of licensed mortgage professionals can guide you through the process of securing a rent-to-own financing option and help you understand the different options available to you. We work with a wide range of lenders, including banks, credit unions, and private investors, to help you find the best rates and terms.
Some of the benefits of rent-to-own home financing with Mortgage Suite include:
- Build equity: By paying rent that includes a portion of the purchase price, you’ll start building equity in the home before you even take ownership.
- Establish credit: Making regular rent payments on a rent-to-own home can help you establish a credit history, making it easier to qualify for a mortgage in the future.
- Flexibility: Rent-to-own financing allows you to move into a home without committing to a long-term mortgage. You have the option to purchase the home at the end of the lease period or walk away without penalty.
- No down payment required: Unlike a traditional mortgage, a rent-to-own home financing option doesn’t require a down payment.
- Fast and easy process: Our streamlined application process makes it easy to get started on your rent-to-own financing journey.
At Mortgage Suite, we are dedicated to helping our clients achieve their home ownership goals through rent-to-own financing. Contact us today to learn more about how we can help you take advantage of the benefits of this unique financing option.