Tag Archives: lease to own

What is a Rent Credit?

Rent Credit is a portion of the rent that is credited monthly and used as a downpayment when you decide to purchase. When you are in a Rent to Own agreement, credits are only calculated on rents received on or before the due date. If the rent is received after the due date, tenants do […]

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Is my mortgage qualification guaranteed at end of term?

Although we do our best to ensure your success we cannot guarantee that your application for a mortgage will be approved at the end of the term. There are many factors that are taken into consideration when a bank is reviewing a mortgage application, such as total household income, total debit, credit score, and amount […]

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