Rent-to-own contracts often include an option fee, a set price that you pay to secure your option to buy. This non-refundable fee varies. You could expect a typical fee to be 2% to 7% of the ...

And what to consider if you’re planning to lease first and buy later.

Elevated mortgage rates and mounting house prices from inflation have priced many buyers out of home ownership, making renting a more feasible option than saving up for a down payment.

Rent-to-own deals are nothing new. These transactions, in which a portion of the buyer’s monthly rent payment is ultimately applied toward a down payment, traditionally have been used by home ...