Rent-to-own is an increasingly popular option for first-time homebuyers who may not have the financial means to purchase a home outright or secure a mortgage loan. This unique arrangement allows potential buyers to lease a property with the option to buy it at a later date, often within a specified time frame. This comprehensive guide will help first-time homebuyers understand the ins and outs of rent-to-own agreements and determine if this path to homeownership is right for them.

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