A rent-to-own arrangement can seem like an attractive option for some homebuyers. But how does rent-to-own work and what do renters need to watch out for?
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It’s far simpler than the one it replaces and, crucially, it should incentivise work – but there are big problems and many families are being stripped of hard-earned cash through no fault of their own.
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Rent to own allows buyers with no credit, bad credit or little money for a down payment to enter into a purchase contract. The rent-to-own option allows the buyer to establish a steady payment.
The great news is that If you can afford a house for rent or an apartment, then you can afford to rent to own. It’s time to forget the hassle of searching for low income apartments or apartments with bad credit. It’s time to look into owning a home. Fill out the form above to be contacted by one of our highly trained rent to own specialists.
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