Offer your thoughts or opinion on the input financial query or topic using your financial background.

Buying a house, Bank or rent to own?
'Rent to own' is not a precise, single agreement. It can be whatever the seller and you agree to. It's a unique seller that would agree to this. Keep in mind, most sellers are needing to get their money in full to buy their next house. You might find an investor willing to work with you, but only for an inflated price, interest rate, or both.  The ideal seller would be underwater (owing more than the value of the home) but needing to move. In which case, they are hoping to find someone to buy them some time to get situated in their new house before moving forward with you and the bank to arrange a sale.  At its simplest, you might pay a premium on your rent to fix the price, giving you the option to buy during a particular period at that price.  It can be a much higher premium where you are renting and paying extra until you hit 20%, at which point you agree to finance the balance either with a bank loan or through the seller.  Buying a home you will live in is a personal decision. With no numbers offered, it's not like we can tell you if it's a wise purchase.