Now is definitely a great time to consider owning/purchasing. Especially since it is on your mind. Find a reputable loan officer and start there.
My best to you!
Keisha Mathews, REALTOR
CDPE, HAFA, HRC
Century 21 Landmark Network
Its the reward for the risk, you rented and its limited to that. Maybe now is the time to decide to look into purchasing a home.
Best of luck
Did you sign a contract saying anything you put towards buying it with the rent?
Or did you assume that being a good renter you might just get in on the profits from the nice guy or gal who owns the place.
Here is what you can do,...
You can go to a local loan broker and ask them if you qualify for a home. bring your tax returns and your income info along with your last couple of months bank statements and see what you can afford to buy. Then ask a local agent to show you homes in the areas in your price range where you want to live. Perhaps thirty years from now, you can own it outright.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992
Occasionally, you hear about people who have "rent to own" options added to their lease. These are also known as "lease option to buy" or "lease-purchase" or "rent to buy" These are not common, but you'll see them advertised.
As a citizen conducting everyday business in your everyday life you (and the other party) make your own rules when you and another party enter into a contract. That lease contract that you and your landlord agreed to is "the law" - unless your city or state has a bigger law that overcomes the contract. Type "contract law" or "the law of contracts" into a search engine to learn more.
The law of "opps, I could have been buying." If you qualify for a mortgage, don't wait a minute longer. Meet with a good local lender and then a great local agent and buy yourself a home. Prices & rates have never been more favorable for a buyer.