What Is A Rent-To-Own Home?

What Is A Rent-To-Own Home?

If you can't buy a home because you have poor credit, unprovable income or not enough savings, you may be able to get a Rent-To-Own home.
You are renting the home, but you are buying it, too.
You pay something down to start, and you move in.
Each month you pay your rent, plus something more that goes towards your down payment.
Finally, in a few years, you have accumulated a substantial down payment. You've had a chance to build up your credit, too. Then you can finally go to the bank, get a mortgage, and finish buying the house.
I want to teach you how to find a home like this.
Not the same as renting-to-own a TV

Some people get TV's and other stuff at rent-to-own stores. There are TWO important difference:
With a TV, after you pay your rent for 2 or 3 years, the TV is yours. With the house, you have only built up your down payment, and built up your credit. Then you can go to the bank and get a mortgage to finish the purchase.
If the TV breaks, just call the store and they'll bring you another one right away. With the house, you will probably have to fix what breaks.