The rent-to-own industry has been around since the early 1900s. In fact, it was created to help people who were having trouble paying their mortgage payments. Today, the rent-to-own market is still thriving. There are many benefits to renting instead of buying your home. Here are some reasons why you should consider this Michigan rent to own option.
No Down Payment
One of the biggest advantages of renting to own is that you don’t have to put down any money. You can start out with no money down and pay over time. This way, you won’t have to worry about how much money you’re going to spend right away.
Another benefit of renting to own is the flexibility of payment options. Many companies offer flexible monthly payments. These types of plans allow you to make smaller payments each month until you’ve paid off the entire amount.