The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Why Your Lease is Not a Barrier to Homeownership

By Scott Sheldon / August 27, 2024

For many families considering buying a home, the belief that they cannot proceed because they are bound by a lease is a common misconception. Depending on your state, a lease is not necessarily a barrier to homeownership. If you’re renting and your rent payment is $3,000 a month with another six months left on your…