Property Q&A in Cleveland>Question Details

dmerrell9, Other/Just Looking in Cleveland, TX

What about rent to own?

Asked by dmerrell9, Cleveland, TX Wed May 16, 2012

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Rent to own is an option that can help renters become owners as they repair their credit. Many sellers of homes on the market for longer than typical periods can often consider this option.

Usually a seller will require a month deposit or higher.

Often this option is riskier for sellers since mortgage options and guidelines are changing so often. This can make the duration of the 'rent' longer if credit or loan capabilities are more challenged.

~Todd Burns
0 votes Thank Flag Link Wed May 16, 2012
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