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Adamark Investments, LLC
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Adamark Investments, LLC |
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Rent to Own Program |
How does rent to own work:
Price adjusted by 5%/yr
Down Payment 3-5%
Credited towards purchase price
Non-refundable
Credit Score above 550: 3%
Credit Score 550 or below: 5%
Monthly Payment:
Remaining balance @ 7.5% (30 yr amortization) + costs
Rent Credit:
Only given for on time payments
10% of monthly payment - rounded up to next $25
Example:
Today's Purchase Price: $100,000
Length of Contract: 1 yr
Down Payment: 3%
Credit Score 560
Purchase Price: $105,000
Down Payment: $3,150
Monthly Payment: $895
Rent Credit: $89.50 - rounded up to $100
Price adjusted by 5%/yr
Down Payment 3-5%
Credited towards purchase price
Non-refundable
Credit Score above 550: 3%
Credit Score 550 or below: 5%
Monthly Payment:
Remaining balance @ 7.5% (30 yr amortization) + costs
Rent Credit:
Only given for on time payments
10% of monthly payment - rounded up to next $25
Example:
Today's Purchase Price: $100,000
Length of Contract: 1 yr
Down Payment: 3%
Credit Score 560
Purchase Price: $105,000
Down Payment: $3,150
Monthly Payment: $895
Rent Credit: $89.50 - rounded up to $100
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