2006-08-14 11:50:05 · 4 answers · asked by josageha 1 in Business & Finance ➔ Renting & Real Estate
If this is a house, you'll pay a stated monthly rent for a stated time, after which a stated percentage of that paid rent is applied to a Down Payment, and a mortgage is created.
Simple huh? $2150.00 monthly rent x 24 months w/10 per cent applied as down payment ---24 x 2150x 10% equals $5160.00
2006-08-14 12:02:55 · answer #1 · answered by Judge Julie 7 · 0⤊ 0⤋
You pay a shitload each month, at outrageous interest rates for an ungodly amount of time to buy something worth about one/tenth of what you're paying for.
2006-08-14 11:55:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
they take part of your rent and put it towards the price of the house.
2006-08-14 11:55:38 · answer #3 · answered by Nicko912 3 · 0⤊ 0⤋
read tips and articles on real estate and renting on this site
2006-08-14 12:14:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋