you first pay a down payment then you pay monthly as you would rent then they give you a year or two to get a loan,but just know they are usally buying it themselves they ask 8,000 down give the owner 5,000 and keep 3,000 then you pay around lets say 800.00 rent and they give 500.00 to the owner and pocket 300.00 if you default they lost nothing really. they gained ,and then they can start the process over from someone else.and they also make you have insurance and most make you pay for pets after all it,s not yours till paid for.watch your self.been there done that…