Rentals in Dekalb>Question Details

Eugenia Mont…, Home Buyer in Dekalb County, IL

I am interested in a home in dekalb on Vienna. would the bank consider rent to own?

Asked by Eugenia Montgomery, Dekalb County, IL Wed Jun 6, 2012

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Thanks for your inquiry. It's been my experience that banks aren't interested in becoming landlords at all. They have a large number of homes that they need to sell & get off their books. You may want to consider purchase since interest rates are at an all time low. For example..a 30yr fixed mtg is right around 4% which means on a $100,000 home your principal & interest would be approx $400 a month. This doesnt include taxes, insurance ect. This will beat most rents currently being charged..Please feel free to call/email me for additional information.

Thank you!

Michael Cirone
Illinois Managing Broker Owner
3 Roses Realty Inc
220 Stearn Drive
Genoa, Il. 60135
Phone: (815) 690-2843
Fax: ( 866) 291-2396
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