Lease to own houses are a great way for people with bad credit in New Jersey, or no credit at all, to rent homes with an option to buy. They are also a way for people who have good credit but no money down to get into a home. Lease to own houses have been around for years in New Jersey, but they have recently become very popular. If you are looking for rent to own real estate in New Jersey, it would be best to start your search online. You will find quite a few real estate sites with some great options.

Lease to own houses are also known as lease purchase agreements and rent to own homes. The idea behind these types of agreements is that you rent the house with an option to buy it at some point in the future. When you sign the lease agreement, you will usually be required to make monthly payments that go towards paying off the purchase price of the house. This can be anywhere from $500 up to $1,000 or more per month depending on how much money is owed on the home.

When you first start these agreements it can take quite a while before you have paid enough into them so that you can actually buy the house outright. This means that while you are making payments each month you do not own any equity in your home until all of your payments have been made over time and you finally get title transferred over to you by the seller/owner of the property after they have received full payment or settlement on the mortgage amount.

You are not actually paying off anything while you are making these monthly payments. They are just going towards your down payment on the home. Once all of these payments have been made, however, you will finally own your New Jersey home outright and will not have any more mortgage or property taxes to pay each month.