In today’s real estate market, many buyers cannot qualify to buy a house with a traditional mortgage. They either don’t have the necessary money to use as a down payment or they have bad credit. In this situation, using a rent to own home arrangement could help. With this approach, you lease a property for a certain amount of time, and then you have the opportunity to purchase it at the end of the lease. This is also sometimes referred to as a lease option.
The big advantage of using a rent to own agreement is that it allows you to secure a house when you wouldn’t be able to buy one. If you… » Read more