Millions of Americans Have Used Risky Financing Arrangements to Buy Homes
Overview Most homebuyers in the U.S. use mortgages to purchase their homes. However, many others use alternative financing arrangements, such as rent-to-own, that research indicates are generally riskier, more costly, and subject to far weaker consumer protections and regulatory oversight than traditional mortgages.1 Evidence suggests that a shortage of small mortgages, those for less than… Read More »