Zillow Advice: Home Buying - im looking for a rent to own house in the salem, ma area http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ Zillow Advice | Zillow Real Estate It may not happen in near ... http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ It may not happen in near future, some times decrease or increase, but it will meet the 4.75% inflate rate average&nbsp;in the long run as Wall street estimated. Sun, 21 Jun 2009 00:47:00 GMT http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ 2009-06-21T00:47:00Z Sedruola's post&nbsp;may ... http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ <em>Sedruola's post&nbsp;may intended "The inflation of <a href="http://www.zillow.com/local-info/#metric=mt%3D18%26dt%3D1%26tp%3D5%26rt%3D14%26r%3D102001%2C394913%2C394806%2C394463">home price</a> 5%&nbsp;annuallywill offset&nbsp;the 5% <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a>, which is you pay for the bank".</em><br/><br/>Well that would be good reasoning if there were any reason to believe that <a href="http://www.zillow.com/local-info/#metric=mt%3D18%26dt%3D1%26tp%3D5%26rt%3D14%26r%3D102001%2C394913%2C394806%2C394463">house prices</a> would do such a thing anytime soon. Sun, 21 Jun 2009 00:33:00 GMT http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ 2009-06-21T00:33:00Z "I'd be more than happy to ... http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ <em>"I'd be more than happy to help you consider various home purchase options in your area, where the full $1100 will go toward your investment and your future, rather than to rent."<br/></em>Sedruola's post&nbsp;may intended "<strong>The inflation of <a href="http://www.zillow.com/local-info/#metric=mt%3D18%26dt%3D1%26tp%3D5%26rt%3D14%26r%3D102001%2C394913%2C394806%2C394463">home price</a> 5%</strong> <strong>annually</strong> will offset <strong>the 5% interest rate</strong>, which is you pay for the bank". Sat, 20 Jun 2009 20:22:00 GMT http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ 2009-06-20T20:22:00Z and you'll only be putting ... http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ <em>and you'll only be putting a fraction of the $1100 rental cost toward the actual purchase of the home.</em><br/><br/>When you get a <a href="http://www.zillow.com/mortgage/">mortgage</a>, only a small fraction goes to principal.<br/><br/><em>I'd be more than happy to help you consider various home purchase options in your area, where the full $1100 will go toward your investment and your future, rather than to rent.</em><br/><br/>You're offering 0% then?&nbsp; Awesome!&nbsp; Unless you consider interest payments to be, "Going toward your investment." Sat, 20 Jun 2009 19:37:00 GMT http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ 2009-06-20T19:37:00Z generally, people have bad ... http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ generally, people have bad credit for a reason: making bad financial decisions... rent to own seems like another one! Sat, 20 Jun 2009 18:31:00 GMT http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ 2009-06-20T18:31:00Z im not trying to pay more, ... http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ <em>im not trying to pay more, i just want to get my own house and my credit is really bad</em><br/><br/>That's how rent-to-own works.&nbsp; You pay extra per month on your rent to lock in the price.&nbsp; This is questionable in good times, and quite stupid when prices are in free-fall. Sat, 20 Jun 2009 17:05:00 GMT http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ 2009-06-20T17:05:00Z (In email, for some unknown ... http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ (In email, for some unknown reason)<br/><em>because im want to create a stable home for my children. i want a home to be home of my own, not with apartments. i hate the apartment thing</em><br/><br/>I think the best way to create a stable home would be to not waste your money paying a premium on rent for the privilege of paying more for a house later.&nbsp; What is it about paying extra money for to lock in a higher house price that will give your kids more stability? Sat, 20 Jun 2009 16:59:00 GMT http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ 2009-06-20T16:59:00Z Hi Brian,I totally understand ... http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ Hi Brian,<br/><br/>I totally understand your need for a house for your kids. As I see in your question, you can afford about $1100 a month. That can actually get you a <a href="http://www.zillow.com/mortgage/">mortgage</a> right now, with a low <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a> and low prices, rather than renting-to-own, which will not lock in your interest rate until you're ready to purchase, and you'll only be putting a fraction of the $1100 rental cost toward the actual purchase of the home. <br/><br/>I'd be more than happy to help you consider various home purchase options in your area, where the full $1100 will go toward your investment and your future, rather than to rent. Please contact me via my profile to get on the road to purchasing your first home!<br/><br/>All the best! Sat, 20 Jun 2009 16:58:00 GMT http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ 2009-06-20T16:58:00Z I was wondering why you want ... http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ I was wondering why you want to pay extra while renting to lock in a higher price for when you buy? Sat, 20 Jun 2009 16:46:00 GMT http://www.zillow.com/advice-thread/im-looking-for-a-rent-to-own-house-in-the-salem-ma-area/247895/ 2009-06-20T16:46:00Z