How to Determine if Rent-to-Own or a Mortgage is Best for You
Realty Biz
OCTOBER 4, 2022
Rent-to-own is a contract between the homeowner and the buyer that sets aside a certain percentage of rent towards an agreed-upon home purchase price. Under these agreements, the buyer pays a slightly higher-than-average rental price as well as a one-time option fee between 3% and 7% of the total home price. Mortgage Pros and Cons.
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