Rent To Own (mortgage, credit issues, loan)

[NY_Accent]

I noticed this trend of Rening to Own.

Any thoughts would be appreciated since I am looking to rent in Pburgh and buy a place.

[Maaz]

It depends on the agreement. If you are looking to rent to own, I would carefully review how much of your money is going towards the purchase and how much is wasted on rent. In addition, some landlords are sometimes willing to do owner finance, where you buy the house and make payments, with interest, directly to them.

[PApisces]

Maaz is correct. I have heard many horror stories about "rent to own". Is your desire to rent to own based on credit issues that prevent you from buying outright? If so, most rent to own agreements I have read state that any deposits/payments toward a downpayment are forfeited if you fail to qualify for a loan at the end of the contract term.

I am not a mortgage specialist though. This is just based on my own personal exploration of the concept.

[NY_Accent]

THANK YOU...i HAVE A FICO SCORE OF 726 at the moment so I m sure I will get a decent mortgage rate...

ohhhhhhhhh I like to checkout A. W house on dawson st... I cant type his name becasue I was told andy and Martha G where not considered normal in Pburgh...lol I also what to check out Martha G home/s I think they are wonderful and cultured people who are avant garde and and lets be fair who the heck is normal...............normal is a bore....like johnnycakes who wacked my thread for asking about there homes and if they visited a lot when they became famous..................thank god he lives in Ma and not in PA becasue