What renters should know about breaking a lease to buy a home

(NewsNation) — Renters who are hoping to transition over to homeowners may have to break their existing lease, but doing so may require some planning and effort, according to mortgage experts.

A residential lease is a legally binding contract, which creates consequences if the agreement is broken before the lease is up. However, because house hunters can never be certain when their dream house may present itself, breaking a lease may be the only way for timing to work out.

Homeownership...