Scorpio, Renter in New Orleans, LA

do you have rent to own property here in new orleans on the westbank area codes 70114 or 70131?

Asked by Scorpio, New Orleans, LA Mon Mar 21, 2011

Best a 2-3 bedroom single home and close to a grocery store and busline.

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3
Kim Hunter of…, , New Orleans, LA
Wed Jun 13, 2012
From a mortgage perspective renting to own is governed by very specific guidelines. Your total rent cannot be used as part of the downpayment as a for instance. An appraiser renders a fair market value of what the property is work to rent. Any funds paid over an above the appraised rental value may be used for downpayment.

You really need an expert in the mortgage area to help structure this type of arrangement up front to be certain the seller can be taken out of the sale by the purchaser.
0 votes
Jim Simms, Mortgage Broker Or Lender, Louisville, KY
Tue Jun 12, 2012
Real estate isn’t the same as renting to own a TV or couch. The mortgage underwriting guidelines will probably not match whatever you and the seller put in a contract. Read up before losing your hard earned money, the link below may help, good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
0 votes
CreoleSexii, Renter, New Orleans, LA
Tue Jun 12, 2012
i doubt it cause detx tha N.O u tawkin bout
0 votes
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