Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
What does "rent to own" actually mean?
I've heard pros and cons of renting-to-own. How is paying "rent" (for rent to own, NOT a regular lease agreement) different than a mortgage?
Re: What does "rent to own" actually mean?
I can only tell you how it has been explained to me.
Basically you want to buy, but for some reason right now cannot qualify for a mortgage. So you enter into a contract to buy a house at a predetermined point in the future, say 18 months. You put down a down payment, and you make rent payments to the current owner. The current owner agrees that a certain portion of this rent will apply to the final purchase. If after the agreed upon timeframe you cannot purchase the house for whatever reason you forfeit your deposit.