i was looking into lease options or a rent to own situation but don't know if they are a good deal or not for a 1st time homebuyer with poor credit.
2007-03-06 02:37:05 · 4 answers · asked by jamie v 1 in Business & Finance ➔ Renting & Real Estate
It can be a very good deal, leasing gives you an opportunity to be sure the neighborhood is what you are looking for and also to test your financial stability (make sure you can afford all the expenses of keeping up a home) before you purchase a home with a large mortgage. You also might find wonderful (or yukkie) things about the house during this time you were not aware of!!
2007-03-06 02:41:48 · answer #1 · answered by allhisown8181 1 · 0⤊ 0⤋
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2016-09-09 19:05:01 · answer #2 · answered by ? 3 · 0⤊ 0⤋
rent to own or lease with option to buy. The thing is, if you are looking to be a first time homeowner with poor credit, doing a rent to own type deal would be best for you. You don't have to have a bank finance you.
2007-03-06 02:44:30 · answer #3 · answered by La Flaca 4 · 0⤊ 0⤋
like the others have published, as long as you be attentive to the contract (activity value, late costs, etc) this is not a bad thought. this way you be attentive to if the home is powerful for you for the time of a typhoon, interior the wintry climate or summer season, after a flood. you're able to desire to be beforehand of your money.
2016-10-17 09:48:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋