The stock market recently plunged. There was a great deal of "pain" on Wall Street, as the wealthier percentage of our citizens and Corporate traders went into a panic. Not once, but several times, the Feds poured money out to rescue the market. However, there was no bail-out for the homeowners losing their homes, the mortgage foreclosures that caused the stockmarket plunge. Is it right for the Feds to bail out wealthier investors, while ignoring the plight of citizens unable to pay their mortgage costs, using their tax money to do it?
Do you have to pay taxes? What all entales in a rent to own home? How do you go about "renting it"? I’m just curious about rent to own homes because I’m looking into renting one.
My husband and I make about 25K/yr combined. Our credit is flawless. We’ve only been renting for 1yr, but are ready to buy our own home. We figured we can afford an ,000 home, that works out to be about 0/month if we go thru our bank.. which is 0 cheaper than our current rent and we’ve been doing just fine.
My question is.. what is the difference between renting to own and getting a home loan? Are there any advantages in renting to own? Would a bank loan be the safer option?
Thanks.
Do people actually fall for those fake ads on y/a?? So obviously a scam…
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