What is the Rent to Own Process
The Process of Renting to Own
Here is an eight step guide on the process of renting to own.
1. Find a Seller Willing to Rent to Own.
2. Negotiate the Teams of Lease Agreement and Option to Buy with Seller.
3. Work with Mortgage Broker on Qualifying for a Mortgage at the End of your Lease.
4. Make Rent Payments for Term of the Lease.
5. Continually Monitor if Home Owner is Making Payment s on Mortgage.
6. Receive Financing from Broker.
7. Sign the Contract and Exchange Keys.
8. Enjoy Your NewHome.
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