 TITLE: What Are the Pros and Cons for Rent-to-Own? CONTENT: What Are the Benefits of Rent-to-Own?\n-------------------------------------\nAs mentioned earlier, signing a rent-to-own contract can help you build equity in the home if it allows you to direct a portion of your monthly rent payment toward the purchase price. Over time, it can add up and amount to a sizable down payment that you may have struggled to save otherwise. Of course, every agreement is different, which is why it's always a good idea to read it line for line before signing.\nThese types of contracts are also ideal for potential homeowners who are dealing with short-term credit issues. If a less-than-perfect credit score is getting in the way of qualifying you for a mortgage, a rent-to-own contract could help you make movement toward buying a home while you take steps to repair your credit. Another perk is that you may be able to lock in the purchase price if the contract allows, which will give you peace of mind knowing the price won't go up at the end of the lease agreement. Knowing this ahead of time can also help you budget and save up a larger down payment in the interim.\nAnother detail worth mentioning is that you won't have to deal with the hassle or cost of moving once the lease expires because you're already living in the home. This could potentially save you thousands on everything from movers to supplies to furniture and more. And, if you decide you don't like the home by the time your lease is up, you don't have to go through with the purchase—as long as your agreement allows you to back out. END