Solution home financing keeps roots when you look at the race-based redlining practices

Consumers and you can landlords tend to define book-get agreements to allow clients to alter its credit ratings, create a credit history, and you may save your self to possess a downpayment, but nothing is well known about precisely how many rent-buy consumers go homeownership, remain renting, otherwise withdraw in the contract without workouts their option to buy. Seller-funded mortgages. During these preparations, owner is additionally the lender, extending borrowing from the bank with the…