Rent-To-Own Homes: Are They Right for You? - MortgageDepot

Abstract

Rent-to-own homes are not our favorite option, but we understand that they present a path to homeownership for some. Your rent will probably be more expensive than traditional rentals, especially if a portion will go toward your home purchase. If you’ve already committed to buying the home at the end of your lease term, you'll avoid unsettling competition. Contact MortgageDepot today to decide if a rent- to-own home is your best option. If you decide not to purchase the home. The rent-To-own arrangement usually forces buyers to save for a partial down payment. If your purchase price is stated in the contract, you might end up paying more than the home is worth.