Rent to own house at 6 per cent?

Whew-someone's taking you for a ride! Rent-to-owns are a terrible deal and are marketed to the very people who know no better yet need a better deal more than anyone. Don't go that route. Rent while saving your money to put down on a home in another year or two. Then get a real mortgage to really buy a home the way the rest of the world does. You'll get much much better rates which will save you thousands over the life of the loan-you'll come out ahead far better. RTOs are set up to appeal to the greed of buyers that want something now but truly can't afford anything the conventional way. For the few RTOs that aren't already full-on scams you have a maze of requirements that put you at a huge disadvantage where you stand to pay thousands unnecessarily and could easily lose it all if you don't follow all of their crazy rules. Not worth it. Restrain yourself, save up and do it the right way.