Buying a home without a mortgage or a deposit

If someone told you that you can get on the scale property and not on finding a mortgage or pay a deposit of large, want to believe? In fact, you can purchase property in this way, if you choose to buy or rent.

The benefits of rent for sale

Here are some of the many advantages of renting to buy

* There is no mortgage to take a first time;
* From the entrance by the property owner;
* Very low start up costs,usually around 2% of the purchase price;
* We have no interest by the property at 100%;
* If action is built into it, and you decide to buy, sell such shares;
* Your rent is the price you pay, it is waste of money deducted;
* You can buy the property at a time that works for you.

Do not rent to the landlord

If you are renting now and the dream of moving to one day be able, at home, buy a pensionSolution can be ideal for you. At present, no rent is dead money you pay each month because you have to prove anything. You could rent to pay every month with the option to purchase the property and the rent would be to reduce the price to go to pay for the property in the future.

Need to find only a small effort to climb the ladder

To own your home in this way there is a small initial investment to start, but this is not much down payment of 20%usually asked when you take on a mortgage. With us it is usually in the region of 2% of the price of the property. This money is then deducted from the final purchase price of the goods if you buy, usually 3 to 5 years down the line.

Your destiny is not closed

Of course, anything can happen in 3 to 5 years, and if you type an option to purchase annuity, your fate is sealed. If you take a loan, from the moment they sign on the dotted lineThey have a large debt and monthly mortgage around your neck. If something bad would happen during this time, which meant he would never have been entered into the contract, then you must bear the consequences. Buy if you are renting, we understand that you think might be different, so if your rental period is when you should not choose to go ahead and buy, you can simply walk away. There is no pressure on you and you have to pay anything.

MyRating is bad I can not get a mortgage

If you have a bad credit rating, then this may retain possession of a mortgage. Again, the system of hiring, we work in your favor to buy. There is no need to apply for a mortgage purchase immediately, you can move into a property and have the time, usually between 3 to 5 years to rebuild your credit rating, and his feet. Of course, you are losing as the BuyProperty at the agreed price, and whether to build equity in it, are you, if you decide to buy. However, it is also the possibility to leave if things do not work as expected.

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