Quote:
Originally Posted by CaptainCrunch
I have a buddy that doesn't have the down payment money for a condo, he's been hearing about Rent to Own options as an alternative.
Good idea? Bad Idea? any insight
Are these condo's listed somewhere?
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There are lenders out there that have "cash back" mortgages where they essentially pay the 5% down payment for you. You do pay a premium with the rate but it is a way to get in the market with no money down.