FAQ
| Is it difficult to qualify for Rent-To-Own Home? | NO! - The bottom line is that your income qualifies you. We find that most people that come to us do qualify for a home. We have the best Rent-To-Own Program here in the Tucson Metro Area. Our investors understand that people need a second chance in life. How many of you have experienced divorce, death, medical bills, job loss, and starting a new company? Did we miss anything? The bottom line is that things happen in life. Please use us a resource to help rebuild your life. The application process is based upon the following:
We do pull your credit report to give us a snapshot of your current credit standing. Why? Credit repair assistance is available upon request. The goal is to obtain your own financing in order to buy back the house from the investor. |
| How many homes are available? | We have thousands of homes in inventory on a daily basis. So, you will be able to find the home of your dreams. You choose the home and the investor will buy the home for you. It is that simple. |
| How is the title on properties? | The title company to avoid any complications down the road will conduct a full extensive search. Plus, all homes will carry title insurance to have long term protection. |
| How much do I need to get into the property? | 2-4% of the total purchase price is due prior to signing paperwork First month mortgage payment due on first day of move in Keys will be delivered to you. |
| Who pays for the real estate taxes? | It is included in the monthly mortgage payment so the investor pays them. |
| Do you allow pets? | Yes, pets are allowed. There is a $200.00 NON-REFUNDABLE PET FEE. |
| Who is responsible for the home repairs? | Ultimately, the lease purchaser is responsible for ALL REPAIRS. A home warranty will be provided for the first year. It is highly recommended to renew the policy each year for added protection on the house. Repairs can become very expensive. |
| How long is the lease purchase agreement? | The lease purchase agreement is for 24-36 months. This allows the lease purchaser plenty of time to rebuild their credit in order to obtain their own financing to purchase the house from the investor. Again, credit repair assistance is available upon request. |
| What if I do not have the total down payment? | Call me at 520-881-2258 to talk about your situation. |
| What are the advantages of our RENT TO OWN PROGRAM? |
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| Do I need good credit to participate in the Rent-To-Own program? | No. We specialize in helping people with less-than-perfect credit! If you are unable to obtain traditional financing, or simply want to take your home for a test drive, we have a solution for you! Rincon Ventures can help restore your credit and save you money! |
| Will my credit ranking/score affect the amount of my monthly payments? | Unlike conventional financing, Rincon Ventures does not discriminate based on your credit. We are in the business of helping home-renters become home-owners! You can be sure that you won't lose your shirt just because you don't have good credit! |
| Do I need a down payment? If so, how much will I need? | Yes, an option payment (down payment) is required to secure your option to purchase the property at any time during the life of the agreement. However, our Rent-To-Own program offers tremendous flexibility because we will customize an agreement that is right for you, your circumstances, income, and home ownership goals. While most banks and financial institutions require 10-20%, Rincon Ventures customers usually secure their option with only little down. |
| Don't people who rent-to-own usually pay more for their house than those who go through a bank? | Perhaps with other companies, your credit or individual circumstances might provide a means for financially preying on you. At Rincon Ventures, we are less concerned about the dollars and cents, and more committed to your success as much as our own. We are dedicated to building communities of warm-hearted and honest people. One of the ways we do this is by allowing you to build equity while you lease and set the sale price of the home and the value projected for the end of the lease. |
| What if I (or my spouse) is transferred and we have to move; are we obligated to purchase the property? No. Since you are leasing, and have only entered into an Option-to-Purchase agreement, you are not obligated to buy. Additionally, Rincon Ventures offers maximum flexibility by allowing you to break your lease and vacate the property at any time as long as you provide us with written notice 60 days in advance. |
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