Root welcomes Joel!
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I have a few I have a few questions reradging the lease to own option. (1) The monthly rent? is usually twice as high as regular rental payments. This will put you farther in the hole. (2) The home is still in the owner's name, so at the end of the lease the seller can simply keep the equity in the house that you just generated. He don't have to give away equity! (3) This one is the kicker; YOU STILL HAVE TO FIX YOUR CREDIT! You cannot buy a $250,000 home with bad credit, no matter how desperate the owner is.
Posted by: Lha | 02/09/2013 at 05:26 AM