Reported 27 days ago
A young couple from Salt Lake City is exploring a 15-year rent-to-own program as a pathway to homeownership, but financial expert Dave Ramsey has strongly advised against it. He warns that the risk of losing all rental payments if they don't purchase the home after the term makes this option unwise, suggesting instead that they focus on paying off debt and saving for a conventional down payment to secure a home more effectively.
Source: YAHOO