RentUntilYouOwn.com Offers A Possible Answer for Those Who CanÂ’t Qualify for a Mortgage

(EMAILWIRE.COM, April 26, 2012 ) Plant City, FL -- With the current economic slump and housing market woes, RentUntilYouOwn.com, a residential real estate website that specializes in rent to own homes, is helping buyers acquire a home. Families, and individuals, who are unable to get into a home via the traditional mortgage channels, may be able to finally buy a dwelling through the use of a lease-purchase or rent to own agreement.

According to Zillow, a renowned online real estate marketplace, almost a third of Americans, 29.3 percent to be exact, would fail to qualify for a mortgage due to low credit scores; even those who can afford a substantial down payment on a piece of property are not immune from being turned down.

"We are in an era of historically low mortgage rates, reaching levels not seen in decades. Coupled with four years of home value declines, homes are more affordable than we've seen for years. But the irony here is that so many Americans can't qualify for these low rates, or can't qualify for a mortgage at all," said Dr. Stan Humphries, Chief Economist at Zillow.

RentUntilYouOwn.com acts as a free online search engine for home buyers to locate motivated sellers, anywhere in the United States, who are willing to sell their property through a rent to own deal. While there are other sites that offer the same service, all require a fee for the service.

Most lure customers in by offering a short 7 day-trial period for $1, but then after the 7 days, they automatically charge the credit card around $50 and continue to do so every month. RentUntilYouOwn.com is the only website where buyers can search for rent to own homes at absolutely no charge whatsoever.

So how does rent to own work? Rent to own homes allow potential buyers to get into a property by combining a rental agreement with an option to purchase the home at a later date. The seller essentially acts as the lender for a short period of time, usually 2 to 3 years, until the buyer is able to get a mortgage from a traditional lending institution.

About RentUntilYouOwn.com:

RentUntilyYouOwn.com is a completely free service of which those struggling to land a mortgage, can make use to find rent to own homes in all 50 states.

RentUntilYouOwn.com
Cole Haynes
(813) - 421 - 3603
cole@rentuntilyouown.com