There’s a new game on the block and it’s called rent to own. If you’re wondering what is a rent to own home kind of situation looks like, we’re here to shed some light on the situation. With over 35% of households renting in 2013 (per data from the Census ACS), especially in larger cities, renting has grown in popularity, for those who want to travel or live a simpler lifestyle and not have a mortgage hanging over their head. For others, owning their home is like a piece of the American Dream come true , but they can’t afford it just yet. However, there is another option for those who want to rent for now, but may be interested in buying a house in the future. That option is called rent to own homes.
What Is A Rent To Own Home Deal Exactly?
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