Rent to Buy Ghana

Rent to Buy Ghana

Why Rent to Buy?

For many people, rent-to-buy is the best way to own a home, particularly when you’re faced with bad or no credit, in the middle of a divorce or separation, self employed or do not show enough income to qualify for a traditional home mortgage loan. In the past few years, banks have been very tight on their lending criteria. Most people who use a rent to buy agreement want a few years to get ready to qualify.

There are a lot of benefits of a rent to buy agreement. Here are a few more reasons to use a rent-to-buy agreement:


• Try before you buy

You get to live in your rented home before you actually purchase it, allowing you to make sure it’s actually your dream home. If you don’t like the house, you don’t have to complete the purchase.


• Own without great credit, no credit or even bad credit

Allows you the time to address your traditional home mortgage eligibility issues while living in the house that you want to make your home. You can start feeling like a homeowner right away while improving your credit.


• Pocket-Friendly Home Financing Option

The terms of the financing provided by the seller are better than what traditional banks are offering, e.g. lower interest rate, smaller deposit amount (Getting Started Money), etc.


• Deferred Sales Expense

The sales expenses are postponed for five years eg. stamp duty, transfer fees and bank charges. When they are incurred, they are calculated on lower amounts.


• Only Home Financing Option?

For some buyers this is the only financing they will get to afford the purchase of their home. Buyers can buy their dream home easier than ever before.


• Security & Peace of Mind

It removes the fear of “when is the landlord going to want his property back”. And no need to worry about the useless curfews that are inadvertently imposed by traditional 'landlords and landladies'.


• Deposit Build-up

It will help you to build a deposit for your mortgage.

The Getting Started Money (GSM) that you pay at move-in, similar t what you would have wasted us rent advance, and the a portion of each monthly rent (Option Payment) all goes towards your deposit for a mortgage in the future (by expiration of the 5yrs maximum period) to transition onto a traditional home mortgage.


• Choice Property

You choose the property in a location that you want to be in.


• Privacy

You’re not listed as the purchaser on any public records until the closing takes place, giving you years of privacy.


• Profit from home appreciation right away

Often, homes in Ghana's major cities/towns and the surrounding area are worth more on the day of the purchase than the price that you’re paying! This can be huge money.


• Move in fast

Since you don’t have to wait for a mortgage, you can often move in right away – and get started living a new life in the home of your dreams.


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Ghana.  0244 225 134 (For Callbacks Only: If we need to speak with existing customers or qualified new applicants over the phone, this is the only phone number we would call you from).  support@renttobuyghana.com