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Mortgage Closing Costs: What They Are and How Much You Can Expect To Pay
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How does rent-to-own work? © Weekend Images Inc./Getty Images Couple looking at a rent-to-own contract
As home prices continue to rise, those with their heart set on homeownership may be starting to explore less-traditional options to climb onto the property ladder. One such option is a rent-to-own agreement, a method of buying a house by renting it first. Here s what you need to know.
What are rent-to-own homes?
How to find rent-to-own homes
Rent-to-own tips
What are rent-to-own homes?
A rent-to-own home is one that allows for a tenant to rent the property, but also gives the tenant the option to buy it before the lease expires. Through rent-to-own, tenants can effectively test-drive a home, living in it for a period of time before they choose to buy it, while the owner of the home can use the purchase option to lock in a sale price, and also find a higher-quality tenant.
If you ve always wanted to keep a consistent journal, whether it s about your day or to record your daily gratitude, but feel overwhelmed by the thought, this is your year! A five-year version like this One Line a Day journal allows you to establish the rhythm of journaling and capturing a few thoughts from the day, but in quick bursts. It s easy to capture a few memories from the day as you go to bed or reflect on a few things you are looking forward to each morning. You d be surprised at how this simple habit will help you capture memories, express your emotions, and find contentment in the things you have.