How Does It Work?   Q: What do you mean by Rent-to-Own?  A:
Actually, “Rent-to-Own” is quite simple. A contract is signed
between You and the Seller for an agreed price, length of time,
(usually between 1 and 3 years), although we have seen contracts
for a longer period of time. You pay a down payment of usually
$3,000 and $20,000. You don’t have to qualify for a mortgage
from the bank until the end of the contract because the Seller
leaves his/her mortgage on the home. Part of your rent goes
towards that mortgage. You also pay a monthly amount of usually
between $100 and $300 towards a down payment fund. This fund
builds over the life of the contract to add to the down payment.
At the end of the term you find your own bank financing and pay
the Seller out. The Seller cannot change or get out of this
contract during the term of the contract. If you wish, you can
sell the home at any time during the contract and pay the Seller
out or sell the contract to recoup your down payment.  Note: For
all intent and purp