In most situations it better to purchase than to rent. Not only are you paying someone else's mortgage rather than your own, you have no say so in rental rate increases and are subject to someone else's rules. You also get no tax advantages or appreciation on the place you are living. I wrote an article about here that explains it more - http://j.mp/RWrZi3 . If you would like to speak with a lender and determine your options, contact me.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
Did you know that a 1% increase in mortgages rates is equal to a 10% increase in the price of the home for the purpose of you payment?
Rent to own usually requires a substantial "non refundable" down payment.
303 570 5579