Comments on: How a Rent-To-Own Works http://paulmhecht.com/how-a-rent-to-own-works/ Paul M. Hecht Thu, 01 Jul 2010 09:36:18 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Paul M. Hecht http://paulmhecht.com/how-a-rent-to-own-works/comment-page-1/#comment-49 Paul M. Hecht Thu, 05 Nov 2009 00:20:31 +0000 http://paulmhecht.com/?p=233#comment-49 Mike, An RTO give the tenant time to rebuild their credit and shows the eventual lender a steady history of payments. At the end of the term, the tenant/buyer will be applying for financing based on the personal credit, income and downpayment near the end of the RTO agreement. A tenant has no guarantees that they will be able to qualify for a mortgage when the term is up. However, in all our Rent-To-Owns we send the tenant/buyer to a good mortgage broker before entering into an RTO. The broker assess how and when the tenant/buyer will be able to qualify for a mortgage. The broker will give them a plan as well as personal credit repair advice and as long as the tenant/buyer sticks to the plan - then the success rate is very high. All the best, Paul M. Hecht Mike,

An RTO give the tenant time to rebuild their credit and shows the eventual lender a steady history of payments.

At the end of the term, the tenant/buyer will be applying for financing based on the personal credit, income and downpayment near the end of the RTO agreement.

A tenant has no guarantees that they will be able to qualify for a mortgage when the term is up. However, in all our Rent-To-Owns we send the tenant/buyer to a good mortgage broker before entering into an RTO. The broker assess how and when the tenant/buyer will be able to qualify for a mortgage. The broker will give them a plan as well as personal credit repair advice and as long as the tenant/buyer sticks to the plan – then the success rate is very high.

All the best,
Paul M. Hecht

]]> By: Mike http://paulmhecht.com/how-a-rent-to-own-works/comment-page-1/#comment-44 Mike Tue, 20 Oct 2009 16:13:55 +0000 http://paulmhecht.com/?p=233#comment-44 Hello, How does a RTO work in the sense of rebuilding credit for a renter? What kind of loan would they be able to qualifly for? How are they able to know if they will be approved once the term is up? Hello,

How does a RTO work in the sense of rebuilding credit for a renter? What kind of loan would they be able to qualifly for? How are they able to know if they will be approved once the term is up?

]]> By: jonty http://paulmhecht.com/how-a-rent-to-own-works/comment-page-1/#comment-38 jonty Thu, 08 Oct 2009 23:55:43 +0000 http://paulmhecht.com/?p=233#comment-38 Paul Will you ever be in Southern Ontario for any live training? Would love to attend but cannot make BC for Oct 25th because of work committments. Paul
Will you ever be in Southern Ontario for any live training? Would love to attend but cannot make BC for Oct 25th because of work committments.

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