Rent-to-own advantageous for many

rent-to-ownBy Ben Lane | HousingWire

With rising rents making it more difficult for many to even save the 3% down payment they now need to buy a home, and with some borrowers still struggling to get a mortgage, a new option is emerging as an avenue for consumers to live in the home they want and save money to buy it at the same time – rent-to-own.

A new report from Moody’s Investors Service highlights Home Partners of America and its “unique” blueprint for property acquisition.

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Related: The rental market is going gray/CNN Money

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