lease option: Rent to own programs
- 10/01/08 06:23 AM
Lease - Option or Rent-to-own The buyer pays rent each month all of which gets deposited in an escrow account on their behalf;Several things happen. the buyer gets a place to live the buyer can test the community and see if this is a place they want to ultimately live. they build equity capital towards their loan (money does not get returned should they decided not to exercise their option to buy 5% additional down payment reduces loan amount, interest rate, and give the buyer a much higher likelihood of obtaining a loan I have spoken with several real estate attorneys … (0 comments)
lease option: Rent To Own Programs in Phoenix
- 08/23/08 05:29 PM
If you are having trouble getting financing here is a creative way to lock in today's price on the home you want and save money for a down payment. Rent-to-Own programs or as they are known Lease option - are "contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance" If you approach sellers, you may be surprised to know how cooperative they may be. The … (0 comments)
Lease - Option or Rent-to-own;)
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