It goes by many names: the rent to own, rent with a purchase option, purchase option lease, lease with an option to purchase, etc. But, no matter what you call it, the idea is that you are entering into a lease agreement that offers you an option to purchase a home eventually. I’ll explain a […]
What is an FHA Loan An FHA loan is simply a loan that is insured by the Federal Housing Administration (“FHA”). Basically, the FHA promises lenders that if they make loans to borrowers according to certain guidelines, then FHA will guarantee the loan. So, if the borrower defaults on the loan, FHA will reimburse the […]