How to Buy a House Using a Lease Option
You might have found your dream home, but your credit isn’t quite high enough to qualify for a loan or you have no savings for a down payment. Don’t worry—a lease with an option to buy might be perfect for you. With this arrangement, you pay rent and have the option to buy the property after a few years. Some of the rent you pay will go to your down payment, and as a bonus you’ll have time to clean up your credit before seeking a mortgage.
Part One of Four:
Finding a Lease-to-Buy Home Edit
Part Two of Four:
Researching the Home and Owner Edit
Part Three of Four:
Negotiating a Contract Edit