The thing is that when you are planning to purchase a home, the sale takes place after the offer is agreed on and when the transaction is done the sale is complete. Since most people might not have the cash to make the purchase, the mortgage is usually the next option. The other thing that you should note is that other than the mortgage you can make use of the rent-to-own option.
With rent to own, some of the things that you should understand is that the buyer will rent a house for a certain period so that they can save on the down payment or improve their credits score enabling them to but the house. With this being said when the person renting can be able to pay for the house they then make the payment. Note that just like any other … Read the rest