Prepare thy work without, and make
it fit for thyself in the field; and
afterwards build thine house.
Provers 24:27
A Lease
Purchase or Rent To Own Property
may be an option you haven't
really thought about. A lease purchase option is a fantastic
solution for many potential homebuyers and sellers. Here's how it
works...
If a family wants to buy but does
not have the credit or finances to
purchase a home, renting with an
option to buy may be the solution.
We work with thousands of families
that have experienced a bankruptcy
or foreclosure. Through a process
of re-establishing credit, many
families have moved from renting to
homeownership within a short time.
A seller can agree to rent property
to a tenant, allowing the tenant to
rent and live in the residence while
guaranteeing the tenant the right to
buy the rental property at agreed
upon terms during an agreed upon
time period. However, the tenant is
never obligated to purchase.
The owner, on the other hand, cannot
sell the property before the
agreement's expiration date. When
the lease is signed, both parties
also agree on a purchase price for
the home. The seller cannot change
this figure any time during the
lease's term. This rent to own
option also allows a neighborhood to
be thoroughly checked, as well as
the house itself, without any
commitment to purchase.
This product also allows a home for
sale to be set at a fixed selling
price that is usually established at
the beginning of the lease purchase
contract. Also the purchaser has
additional time to develop
purchasing options without losing a
home of choice. Loan options range
from no down payment mortgages, or
100% mortgages, to VA loans and FHA
loans.
For
more information of
Rent to Own and
Lease Purchase Options...
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information is deemed reliable and correct but not warranted..
This
Website does not engage in mortgage funding or origination.
This website provides information to mortgage lenders based on a
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of the user. Dissatisfaction of the user may only be remedied by
seizing to use this website.
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