: When the lease ends, you apply for a mortgage to buy the home. Key Components to Watch
: A portion of your monthly rent often goes toward the eventual down payment. how does lease with option to buy a house work
This arrangement locks in today’s home price while you "test drive" the house and get your finances in order. : When the lease ends, you apply for
: You pay an upfront, non-refundable fee (typically 1%–5% of the price). : When the lease ends