Rent to Own Process

RENT TO OWN PROCESS FI. Find seller willing to rent to own. RENT TO OWN NOT CURRENTLY IN FORECLOSURE Negotiate the terms of lease agreement and option to buy with seller. Chechlist: O Consult with real estate attormey to make sure both sides are protected in the agreement. Terms negotiated • Down Payment • Rent credits • Length of lease and extension options • Purchase price - Fixed or Variable Work with your mortgage broker to ensure that you will qualify for a mortgage at the end of your lease Make rent 4 payments for term of the lease LEASE OK Get financing from mortgage broker you have been working with. Continue to monitor whether homeowner is making payments on their mortgage MORTGAGE JUNE PAID JULY PAID AUGUST PAID Sign on the dotted line and get the keys! Live happily ever after in your dream home! PLEASE SIGN HERE USLeaseOption .com