For a person with bad credit and needing to move, would it be a good idea to try renting to own? or just keep renting.?
- linkus86Lv 75 years agoFavorite Answer
Keep renting, renting to own is a scam.
If you are really interested in buying someday, and you should since renting is a waste of money, you should go ahead and contact a lender who is FHA approved as it is the easiest loan program to qualify for. The larger banks in your neck of the woods are often the best for government loans. The loan officer can point out exactly what you need to do to become qualified at a future date.
- real estate guyLv 75 years ago
rent to own is a scam. You are hoping that you can get a loan in a few years. Fix your credit, save some money and THEN look to buy.
- ?Lv 75 years ago
Keep renting. The tenant/buyer typologically get screwed in rent to owns.
- 5 years ago
Rent to own is a scam