Friday, March 28, 2008

Why rent-to-own when you can rent?

I don't know how many renters there are in the sixth, but Joe Zekas at YoChicago has some advice for you if you take advantage of such a program and want to eventually own your own home. Here's the last paragraph, but go read the whole post...
The purported key to a rent-to-own program is that a portion of the rent you pay is credited toward your down payment. Why not simply rent or share a lower-priced apartment for a while and save the difference toward your down payment?

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