Mortgages

The Rent-to-Own Agreement and What to Expect

The possibility of changing housing markets and strict lending criteria make rent-to-own agreements a practical option for today’s potential homeowners. A rent-to-own agreement, or lease-purchase, is a binding agreement that prevents the owner from selling to any other buyers and locks in the price so that the current renters can eventually own the property for …

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Purchase a New Chicago Home Despite Student Loan Debt with These Tips

Student loan debt has become a major inhibiting factor for many Millennials trying to purchase their first home. The Project on Student Loan Debt says that about seven in 10 college students who graduated from public or private nonprofit colleges in 2013 had an average of $28,400 in debt. Even with this debt, more than …

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