Rent to Own? The Good, Bad, and Ugly

Last week, I received an email from a possible first time buyer in Woodbridge, Virginia with credit issues. Her question was "Is rent to own a good option while restoring credit?"

I share my answer in this week's video tip by your Woodbridge Mortgage Lender.

 

 

 If unable to view the video click the link "Is Rent to Own a Good Option by Woodbridge Mortgage Lender"

Contact Markita Woods at markita@weststarmortgage.com or 703-497-3936 to run a free Rent vs. Own cost comparison and figure out if Rent to Own is the best option for you.

 

Contact Markita Aldridge-Woods at (703) 929-2274 or via email for custom tailored mortgage solutions.

 

www.queenofmortgages.com

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Powered by Fairway Independent Mortgage, NMLS#2289, Equal Housing Lender

Comment balloon 3 commentsMarkita Woods NMLS#196099 • December 06 2011 02:07PM

Comments

Markita, very nicely done!  It seems in this market, I see a lot of folks asking that question, thinking that it will be a better option for them.

Posted by Jean Hanley, Specializing in Folks Who Want To Buy/Sell Homes (Coldwell Banker Kivett Teeters) over 8 years ago

Thanks Jean. Its only a better option if buyers get themselves in a position to buy after the lease is over.

Posted by Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA (Fairway Independent Mortgage) over 8 years ago

Every situation is unique.  I get the same questions for rent to own and lease options, mostly from people that just got through a bankruptcy and wants to own a home again. 

Posted by Stella Barbour, Principal Broker, Serving Virginia and Maryland (NoVa Brokers LLC) over 8 years ago

Participate