What is Rent-2-Own?

If you are looking to buy a home but do not have enough money for the down payment, or if your credit does not qualify you for a traditional mortgage, rent-to-own may be the best option for you. Rent-to-own can also be explained as a lease to buy option where you, the renter, sign a contract to purchase the home after one or two years of leasing. Within this time, a portion of your rent will go towards the mortgage, and you will have plenty of time to line up your financing to transition over when the lease is up.