Rent With The Option To Own

Worried about falling into debt, have bad credit or no credit history at all? Well, maybe a rent-with-the-option to own is the way to go.

The rent-to-own option works like a lease, in that you may be able to return whatever it is you're renting, with no penalty. The rent to own agreement allows the buyer some time to work on your credit report and equally important, accumulate the necessary funds for a down payment.

Here are some tips if you are thinking about taking the rent to own approach:

1. Be sure to find out information on what the total cost will be, and other terms of the purchase.

2. Find out all charges and mandatory fees in order to compare this approach to others.

3. Make sure you know what the weekly or monthly payments will be.

4. Find out how many payments will be made until ownership.

5. Be sure to read all disclosure on product labels, agreement documents and advertisements which will better ensure your confidence in using the rent-to-own-agreement. *It might even be wise for you to have an attorney look over the documents.

Remember, the rent-to-own-option is only another vehicle for securing the home of your dreams, if you are struggling with finances or credit challenges. For more information on this type of agreement or other alternatives that may fit your situation, feel free to contact me direct.