Higher Interest Rates Make Rent-to-own Right, Right Now

Rising interest rates are putting more and more aspiring homeowners between a rock and a hard place. When you can’t afford a mortgage for your dream home, you can compromise on a lesser house (if it even exists in your area). Or keep renting, forgo equity, and cross your fingers that things will change.  Or… Continue reading Higher Interest Rates Make Rent-to-own Right, Right Now

How should I choose between Divvy and a mortgage?

Divvy’s program is a great solution for people who don’t quite qualify for a mortgage, but it’s good to understand the differences between our rent-to-own program and a traditional mortgage. What are the main differences? With Divvy’s program, you rent your home while you save up to buy. That means you’re still paying fair market… Continue reading How should I choose between Divvy and a mortgage?

Understanding your monthly payment

Your monthly payment with Divvy's rent-to-own program looks different from traditional renting. Let’s take a closer look at how payments to Divvy work. How does my monthly payment work? Your monthly payment includes a key part of Divvy’s rent-to-own program—home savings! Home savings: A portion of your monthly payment (about 25%) that gets set aside.… Continue reading Understanding your monthly payment