Imagine finding a home you absolutely love (or at least see a lot of potential in). Now: What if you could live there, but instead of spending your savings up front, you pay a little portion on top of your rent each month towards the down payment. Sounds like a dream, right? Most likely yes—especially if you're a freelancer, have so-so credit, or a high debt-to-income ratio (those damn student loans!), or simply can't put enough cash aside every month to make way on a down payment.
Well, this situation isn't just the stuff of dreams—it's a type of contract known as "rent-to-own." But like many too-good-to-be-true scenarios, it comes with a fair share of risks to consider. Here's what you should know before you sign:
from Apartment Therapy | Saving the world, one room at a time https://ift.tt/2Ppdo2o
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