First off, it’s quite astonishing on this news alert that we should be aware of, given the fact that the Federal Reserve hasn’t upped the interest rate in nine straight years…. Until now. And to make it even more interesting, the Federal Reserve plans on increasing that rate four more times in the future. What does that mean?
Understand that the fed interest rate hike will be no more than .25%. That’s minuscule. But when you add it all together, you just might see a slight difference in three things you covet and value the most. Here they are:
The economy’s obviously doing well (despite Donald Trump, perhaps). Petrol’s looking good (no one’s hurting in the pockets while filling up at the gas station), and the job market apparently is somewhat improving. Of course, the real estate market as a whole is looking so good that the Chinese are investing in droves. Everyone wants to be in the United States, apparently (especially ISIS).
But know this — better be prepared. Because if you’re not, surprises might show up at your door. Change always comes unexpected.
Oujia boards, pencils and Mexican demons oddly named “Charlie,” be gone. For in the real estate market, the rent-to-own or real estate phenomenon is no supernatural concept, nor will it try to eat your brains. Sure, we’re all still hopped up on vampires and zombie dramas these days (thank you, Twilight, Maggie, and Resident Evil), but finding a good rent-to-own home without killing yourself shouldn’t be that hard. Just watch this video, for crying out loud!
To its credit, in all honesty, rent-to-own is that novel and game idea of flexibility, going an alternative route versus looking for a standard home mortgage with good credit. It’s not way off the beaten path, though, but it’s just enough that you begin to wonder if you’re going in the right direction, getting the right agreement in place, building your credit with your rent payments, and paying the right down payment at the point of the lease option to purchase.
Not everyone’s in the know, like on the truth of the so-called Charlie Charlie Challenge (come on, people). That’s why there’s this particular service in place called the Rent-to-Own Consultants, an affiliate of the BBB A-rated H.O.P.E. Program, guides to help you negotiate the contract with a prospective homeowner/landlord looking to rent out the house, even find the right rent-to-own home. These consultants will even stick with you throughout the years until it comes time for you to buy, and they will ensure your credit’s clean enough for a nice, low down payment (and it should already generally be low enough given you’ve put rent money into that down payment) and the next step into your new frontier: home ownership.
How can anyone think otherwise? With services like the Ultimate Rent-to-Own Home Program, your access to a free list of rent-to-own homes, and even resources for rent-to-own reviews at your disposal, how could you even be the slightest scared at the prospect of going this route? These resources are reviewed here and here as well, so the proof is in the pudding.
Just watch out for the bloodsucking demon next door, though, when you move in.