Mortgage Broker or Lender, Louisville, KY
Rent to own or lease options are a very common buzz topic these days. They are usually a work around for people that are having trouble qualifying for a loan with a lender. They can be a good method but they can also spell disaster for the â€œbuyerâ€ because they are not regulated like ordinary mortgage loans. This year alone I have seen a couple of people loose over $50,000 each and several others loose $10,000+. It is important to understand it raises the risk for a buyer to use these methods. Not saying they are all bad, just important that you understand the risks, there are a couple of entries on this subject on my blog, see the link below. Hope the info protects you.