Posts with tag rent to own

Are you an "accidental" renter who really wants to own a house? You're not alone. Cyberhomes blogger Lauren Baier Kim recently shared how she and her husband were turned down for a home loan, and, subsequently, started looking at rental homes. She describes a common need to accommodate visiting family members and friends.... Continue Reading »

Umesh Singh's suburban Minneapolis home sat on the market for nearly two years after he had moved on to a new job in Florida. After dropping the price of his 5-bedroom, 4-bath home from $429,000 in December 2007 to $385,000 by summer 2009, Singh, who carries two mortgages, decided enough was enough. It was time, he... Continue Reading »

Rent-to-own is becoming more common during the recession as more people find it difficult to get mortgage financing. Turning your rental house into a house you own is a good idea if the total monthly cost is less than what you pay in rent. Just be sure to add in insurance, property taxes and upkeep of the house. How do... Continue Reading »