Rent to Own

Are you currently renting? Are you tired of giving away your money to a landlord and not acquiring equity with each payment you make? Do you want:

to build equity in a nice home while you improve your credit rating?
the ability to fix the price of your future home and avoid price increases?
the opportunity to qualify for a better mortgage in 6 to 18 months?
more time to build up your savings?

New Home Solutions, LLC Can Help!

Why just pay rent when your payments can work toward reducing the purchase price of your future home? or your new office space? click here for options to your shop front )
Our program allows you to build equity in a property while you rent, and if you are starting with your office click here to design your shop front to increase the views and get the profit to make an easier payment for your rent. Remember Your deposit serves as a down payment and a portion of your monthly rent payment may also decrease the purchase price of the home with special needs for every home including stairlifts for the elderly which you can get from sites like https://certifiedstairlifts.co.uk/.  The price of real estate is continuously fluctuating and banks are making it very difficult to obtain a loan. NHS’s program gives you the opportunity to fix the purchase price for a home, build equity, improve your credit, and help you qualify for a loan to buy that home.

NHS’s “Rent to Own” Program

This program is based on a contract that allows you to rent a home with a future option to buy that home. The purchase price of your home will be set at fair market value. In the future, when the real estate market rebounds and housing prices increase, the purchase price of your home will still remain the same. NHS will determine the purchase price of the property, the payment schedule, and the time frame within which you will need to obtain bank financing.

Furthermore, we provide comprehensive support, including plumbing services, to ensure the upkeep and maintenance of your home. Additionally, consider engaging a good service like roof leak repair NJ, which specializes in addressing roofing issues promptly and effectively. For this we need to hire a reliable plumber. Professional plumbers can also provide other plumbing services like drain clearing. You may also reach out to local contractors if your home needs a new garbage disposal installation. Additionally, for breaker panel replacement, we recommend consulting with experienced professionals to avoid future problem.

NHS will also introduce you to a credit repair specialist who will guide you through the necessary steps to improve your credit. Once your credit has improved, you should qualify for a bank loan to buy your home, while if you want to improve your home with a balcony there are services for this too, find out more here for this. On average, our credit repair specialists help our renters own a home within 6 to 36 months.

To receive notification when new rent-to-own homes become available, please Contact Us.

Affordable Remediation and Emergency Services

Phone: (732) 540-7900

Url: https://affordableremediation.com/mold-testing-removal-remediation-in-toms-river/

1415 Hooper Ave

Toms River, NJ 08753

Common questions:

Is a portion of my monthly payment applied toward the purchase price?

In many cases, yes! You are building equity in your home while you rent and a portion of your payment may be applied against the purchase price of the home. For example, if $200 is applied toward the purchase price each month, at the end of the first year the purchase price will decrease by $2,400 (i.e., $200 x 12 months = $2,400). Note: each month, you are building equity through our “Rent To Own” program.

Is a down payment required?

Yes. The NHS “Rent To Own” program requires a down payment. The amount is determined during our consultation. Remember, our goal is to create a “win-win” situation that helps you. Each buyer’s situation may be different, but we will find a successful solution to your problem.

A quick example of how you build equity in our program: consider a purchase price of $150,000, with a down payment of $5,000. Also, each month, a $200 credit is applied toward the purchase price. If your contract has a two year term, the purchase price at the end of this contract would be $140,200 (i.e., $150,000 – $5000 – $4,800 = $140,200). Since a portion of your monthly rent is applied against the purchase price, you will not be required to borrow as much from a commercial lender once your credit is repaired and you qualify for the loan. You will also build a payment history proving to the bank that YOU CAN AFFORD THIS HOME!

How much is the down-payment?

That depends. A large down payment will help tremendously when you are working with a bank to obtain long-term financing. The higher the down payment, the quicker we can place you in a home. However, you should note that if you fail to qualify for bank financing within the term specified in the contract, your down payment may not be refundable.

I have a low credit score. Can you help?

Most likely, yes. If you have a good down payment and your credit can be repaired, NHS should be able to help you obtain a home. We will introduce you to a credit repair specialist who can help you fix your credit in order to obtain bank financing.