Your legacy starts with homeownership.
McKinnon Realty is about helping families create a legacy through homeownership. It is no secret that in recent years, home ownership is harder than it should be for many working families. At McKinnon Realty, we believe that families should have flexible financing and options to buy a home.
How does our rent-to-own program work?
With our easy process, you can get on the path to creating your legacy today. We will help you along the way and answer any questions that you have.
Apply for free in less than 5 minutes
It’s a quick form that gets some basic information.
Find your home
Once you’ve applied you are now ready to go shopping.
Review financing options
We have several options to make your homeownership dream come true.
Schedule closing and move in
At closing, you will have to make a down payment and sign documents that guarantee you own your home. Then you get your keys and start moving into your new home.
FAQS
Why is your interest rate higher than some banks?
Our interest rates are slightly higher than most banks because we have to pay a higher rate of interest on the money we lend because we’re not a commercial bank. We also don’t have strict guidelines like a commercial bank. Anyone that is qualified for a traditional mortgage is encouraged to seek a mortgage or bank loan to purchase a home. Also, even if you buy with our financing you may refinance through another institution at any point without any prepayment penalty.
Will you provide me with a written contract?
Yes, of course. All contracts, agreements, and changes to those contracts/agreements are in writing and subject to the law in the State of Oklahoma. We provide this document in advance so you can review the contract yourself or with an attorney.
What happens if I stop making payments?
Like all home mortgages or other bank lending options, you can lose your house if you do not meet the terms of the contract.If you stop making payments, the contract works in our favor and we will take back the house. If you make your payments, the contract works in your favor!
Are houses sold “as is”?
Yes, houses are sold “AS IS”. Once you buy the house you are responsible for repairs. We recommend you get a thorough inspection before buying. See the next question for details on a home inspection.
Can I have the home inspected?
Yes, of course. Alternate-Inspections are encouraged before purchase.Whether you are buying a full rehab where everything is expected to be in working order, or choose to buy a house in need of repairs in order to save on labor costs, you should take the time to fully inspect what is sure to be a major investment for you or your family. You can have as many inspections as you need. Multiple different people can come out. If you find something major that we do not know about already, we will probably be willing to negotiate and/or make the repair.
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