Option | To Buy

You must pay an upfront "option fee" (typically 1–5% of the price) which you lose if you don't buy.

A lease option is generally reviewed as a for those who aren't ready for a traditional mortgage. The Good: option to buy

You can secure today’s price for a future purchase, which is highly profitable if property values rise. You must pay an upfront "option fee" (typically

Your maximum loss is strictly limited to the premium you paid. option to buy

You get to live in the home and neighborhood before committing to a 30-year mortgage. The Bad:

A portion of your monthly rent may count toward your eventual down payment.