03/15/2022
What are some pros for rent to own homes?
You Build a Down Payment Over Time
Instead of having to fork over a significant down payment when you move in, you build equity over a specific period of time by paying higher rent.
You Can Avoid Buyer Competition
At the end of the rent-to-own agreement, you won’t be up against other buyers for the property.
You Don’t Have to Qualify for a Mortgage Right Away
You may be drawn to a rent-to-own program because you can’t afford to buy a home yet. Maybe you’re still paying off debt or you don’t have a down payment saved.