Integrated into our rent & pay monthly innovative rental platform, are direct homeownership options aimed at facilitating existing tenants with qualified incomes to transition into home owners.
At RentNowPayLater.net we do not expect you to rent forever if you have to income and/or resources to own a home. The table below assumes you qualify to rent with us in the first place, so a lot of basic requirements have been omitted for brevity and clarity.
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General Description
Minimum Qualifying Salary
Requirements
Typical Re(Payment) Period
A portion of each monthly rent is set aside as home equity or down-payment for a conventional home mortgage
GHS2,000
Must be SSNIT-registered, and age between 21 and 55.
Initial 5yrs maximum to pay off or qualify for a <30 yr Home Mortgage
Option to build on your own litigation-free and/or unencumbered land and repay in instalments.
GHS2,000
Must be SSNIT-registered, and age between 21 and 55. Must already own land
Up to 30 years repayment (but not later than pension age of 60).
100% of what would have been paying for rental goes towards owning the home outright by building equity each month you make repayment.
GHS2,000 (GHS3,000 preferred)
Must be SSNIT-registered, and age between 21 and 55.
Up to 30 years repayment (but not later than pension age of 60).