Rent-to-own homes aren’t as common as traditional rentals, so finding a suitable property can take time. Plus, these options may be more prevalent in certain areas than others.

Rent-to-own homes can offer an alternative path to home ownership for people who can't qualify for a mortgage or lack a down payment. It can look like a standard lease combined with the right to ...

Most rent-to-own homes run on a 12-month lease. At the end of the 12 months, the tenant is expected to obtain a home loan for the remainder of the purchase price. So, if that tenant paid a $1,000 ...

The problematic aspect of rent-to-own contracts are that they can be misconstrued in court as a renters’ contractby consumers despite the resident of the home believing that they are the true ...

If you aren’t confident in your ability to get a mortgage in time, avoid rent-to-own homes. How to avoid rent-to-own scams While renting to own is a real path to homeownership, be cautious.

You have one other possibility to consider – a rent-to-own contract. In a rent-to-own arrangement, the potential buyer agrees to rent the home for a given period (typically 1-3 years).

When you rent to own, you'll be expected to pay monthly for living in your potential new home just like you would at an apartment or other rental property. The rate will likely be a bit above ...

Owning a home is still part of the American Dream that many retirees have a tough time abandoning. Think long-term when deciding to rent or own in retirement.

Rent-to-own agreements offer many benefits, but they also have the potential to damage you financially. Weigh the pros and cons and read the contract carefully to ensure you're not buying into one ...