Buying a Home through Rent to Own?

1 Reply

@Remington Ellis

Rent to own isn't a real thing. It's just a lease with an option to buy later. Most people don't ever buy the home. The problem is that most people do it because they don't have the downpayment for a house or they don't have decent credit for a mortgage. But the lease payments are higher than normal so people never get a chance to save enough money. The lease payments do not go towards the purchase of the house, so renters still need to be able to save money and qualify for a mortgage if they exercise the option to buy.