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How do you rent to own?
A lease option or “rent-to-own home” isn’t exactly what it sounds like. You don’t simply rent until the house is paid off. Instead, you usually pay higher rent for a set time. That excess rent then goes toward a down payment when you buy the house at a later date. Rent-to-own might help you buy a house if you don’t have a lot of cash on hand right now. However, rent-to-own requires seller cooperation and comes with unique risks.

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