Understanding Rent-to-Own Agreements: A Guide for Home Seekers
Rent-to-own agreements offer a pathway to homeownership for those who may not qualify for a mortgage immediately. This arrangement allows individuals to rent a home with the option to purchase it at a later date. It combines rental and purchase elements, often appealing to those who need time to improve their credit or save for a down payment. Understanding the terms and potential benefits or challenges is crucial for anyone considering this route.
- January 29 2025
- Archer Hollings
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- rent-to-own housing agreement homeownership lease purchase
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