RentToOwn-HouseFinder.com
rent to own homes in qld, australia?
i want to find a rent to own company in Qld but i need one that approves really bad credit. im a first home buyer. and would like to choose my own home to buy. can anyone help me?
Public Comments
- Not many if any companies rent to own in Australia. You get a mortgage from a lender and you buy the home and pay regular repayments. Not rent to pay. If you have a poor credit history it will be a problem unless you can show a very good income for say the last 3 months. A combined income will get you in with a better chance. A finance broker will have a better chance to get you finance rather than the usual lenders but you still need to show you can repay and that you earn enough within their guidelines. Some will lend a 100% loan if your income is sufficient.
- mostly people who do the rent buy do it to make money . they find the houses , fix them up and then find buyers . so you just need to find a group who are doing it and see what they can offer you . so while they might be able to give you choices , i have never heard of just being able to pick whatever house yu want and then getting some one to rent-to-own it for you . good luck . it helps if you have a deposit . sometimes those big whacky churches ( charismatics - u know with rock bands and stuff ) run rent to own schemes , so that might be a way to find out .
