Contract for deed agreements, like rent-to-own agreements, can provide certain buyers a way into home-ownership when a traditional mortgage is not an immediate option. Like rent-to-own agreements, though, contract for deed agreements do involve certain risks.
Tenant or owner? Why you should be cautious about rent-to-own arrangements
For those who have good credit, steady income, and access to a reasonably affordable housing, home-ownership is relatively easily within reach. Unfortunately, not everybody has these resources, and this makes home-ownership a more difficult prospect.
Three ways divorce impacts your taxes
A finalized divorce decree results in more than just the end of a marriage, it also results in a division of assets. If not done carefully, the settlement agreement can result in unexpected surprises. One area that can lead to unexpected outcomes is the impact a divorce will have on your taxes.
What is the difference between rent-to-own agreements and contract-for-deed agreements?
Becoming a homeowner is a big step to take, and it is important to ensure that one has the resources to do so. Not every consumer is going to qualify for a traditional mortgage, but there are alternative arrangements that can make it possible for those with substandard credit to eventually buy a home. One possibility is rent-to-own agreements.
