Home Ownership

Home Ownership

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.

 

*
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).