Austin Owner Finance

Don’t Waste Money on Rent to Own, Lease to Own or Lease Purchase. Owner Financing is the Way to Go!

If you can afford a 5% to 10% down payment and the monthly payments, you could easily qualify for our exciting Owner Financed home purchase program! Everyone is credit challenged in the eyes of the bank these days. But, don't worry! We've helped families own a home even when they are:

* self employed
* filed a recent bankruptcy
* in active foreclosure
* or just started a new job with no income history

With our streamlined buying process, you can usually be in your Owner Financed home within two weeks - even sooner if you need to move quickly!

These are just some of the benefits you receive when you work with our company.

* 100% of your down payment goes towards the purchase price.
* You walk out of closing with the keys, the deed and a mortgage.
* You receive plenty of time to refinance. No short term balloons!

* You walk out of closing with a team dedicated to helping you improve your credit!

Many folks in the Austin area are confused about the difference between the terms rent to own and owner financing. The terms are not created equal.

Many people believe that if you rent to own in Austin for a while you own the home shortly after that. This could not be further from the truth.

Rent to own would better be described as leasing a property with the option to buy it at a later date. That’s why sometimes you’ll also see “lease to own texas” or “ texas lease purchase”. All of them mean the same thing. You are renting during the lease period but you can exercise your right to buy it at anytime before your lease expires. “Supposedly” the seller is obligated to sell the property to you if you choose to exercise your right to buy before the lease expires. “Supposedly” the seller cannot sell the property to anyone else during your lease period. However, I am contacted constantly from people who did rent to own in Austin or some other city here in Texas and were contacted by the owner (remember you’re not the real owner when you rent to own) who told them “I’ve decided to sell it to someone else”. The only option they are left with is finding a good attorney.

Owner financing (the way we structure it) here in the Austin area, means you become the real owner on the day you get your keys. Your name goes on title immediately. If the value goes up, no one can sell it out from underneath you. Now one of the title ladies I work with eloquently said “if you don’t pay, you don’t stay” but that is true of any mortgage. Because you’re the real owner (not a lease with option to buy, glorified tenant), you get all the interest deductions and property tax write offs as well.

So don’t settle for rent to own, lease purchase, lease option or whatever they want to call it. Ask a simple question “do I get the deed the day I get my keys”. If they say no, I say walk away, keep saving and buy a real owner financed home!

www.austintexaslistings.com