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In this article we will cover the pros and cons of rent to own homes and tips to avoid a bad deal. Speak to a lender to get pre-approved for a mortgage. How does the rent to own process work? Rent-to-own contracts typically last between 2-5 years.
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Benefits of rent to own homes through a lease purchase: Low option consideration (less down payment). Many past credit problems can be corrected or deleted from your report while living in the home.
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