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Using the rent to own opportunity can be a great way to save money for a down payment or buy yourself time to fix up your credit. Either way, you end up with a home to live in while you rent. Hopefully it turns into a long-term position where you buy the home that you love.
What Credit Score Is Good Enough To Buy A House Is My Credit Score Good Enough? A lot of people live in constant worry that their credit score isn’t good enough, or are always wondering whether their credit score is sufficiently high. Potential lenders, landlords and even employers gauge your creditworthiness and assess your financial risk profile by looking at your credit report and score.
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Rent to Own Removes Obstacles to Home Ownership. Rent to own homes offer a popular alternative for bargain home buyers and sellers. For buyers who do not have an adequate downpayment available, or are having difficulty qualifying for a traditional home loan, a rent to own (also referred to as ‘lease option’, ‘lease to own’, or ‘owner financed’) agreement can provide a smoother path to.
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