To those involved in Real Estate, they will tell you that you'll find really situations wherein an one who is thinking of purchasing a house won't be able to put out cash for an outright sale. There exists what is termed mortgage which is something one has to qualify for, therefore not everyone could get mortgage to buy a house. bMortgages are readily available for individuals who are qualified but you'll find the explanation why some cannot qualify for this like bad credit rating ar not having enough money to back it up. These a two the explanation why someone cannot really get the benefits of having mortgage. Will that mean that those who cannot get mortgage will not be able to but a house? That may seem like the most likely thing but that's not quite the end of the road for them as they can have the option of arranging lease purchase agreements. These lease purchase agreements are typically two contracts that are combined to make one contract. Basically, it involves an agreement between one person and another how the one that is leasing the house will buy it and that the money that person is paying for rent will be a type of down payment.