Several advantages can be accrued from the decision to invest in rent to own. The first of these advantages which especially appeals to first time homeowners has to do with the fact that one is spared the normally very rigorous process involved in purchasing property with the help of a bank or other lending institution.
What does the rent to own homes concept entail? It basically describes a situation where a person is leasing the property as he/she continues to live in it and on making a decision to stay there forever he/she has the opportunity to own it by making a purchase. Completing the purchase will only involve clearing the remaining balance of the asking price via the monthly amortizations. It is this ease that is gradually endearing many first-time homeowners to consider rent to own as an option.
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