Rent-to-own, also known as rental-purchase, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics and home appliances, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during the agreement.
What are some advantages associated with rent-to-own?
- Opportunity to own your dream home. Many people find their dream home but need time to make their purchase. Our service not only allows you to have that time, but also to live in your home before you decide on exercising the option to purchase.
- Make your rent an investment. Both a portion of your monthly rent and your entire down payment at closing will be credited to your purchase price at the time of sale.
- Potential to own with any credit. Whether you’ve had late payments, a bankruptcy or simply haven’t had enough time to build up your credit, we are here to help you build equity and repair credit while renting to own your home.