Opportunity to Own Your Dream Home
Many people find their dream home but need time to make their purchase. The Lease purchase option not only allows you to have that time, but also allows you to live in your home before you decide on exercising the option to purchase.
Make Your Rent an Investment
Future Buyers prefer to have their rental payments used for their benefit. Both a portion of your monthly rent and your entire down payment at closing will be credited to your purchase price at the time of sale.
Potential to Own With Any Credit - No Bank Qualifications
Whether you’ve had late payments, a bankruptcy or simply haven’t had enough time to build up your credit, a Lease Purchase Option home may enable you to build equity and repair credit while renting to own your home.
Maintain Your Flexibility
Lease Purchase Option enables you to build your equity in a home, but also gives you the flexibility to walk away from the property at the end of your lease term, should you decide you don’t want to make the purchase. The worse that can happen would be to forfeit your option deposit.
Profits from Appreciation
The purchase price is fixed in the beginning and is not negotiable after an agreement is signed by both the buyer and seller. Fast growth markets may enable extra equity gains for the buyer.
Upfront Timing
The timing for moving into a Lease Purchase Option home can be much shorter than a typical purchase of a home, as much of the paperwork takes place at the end of your lease, should you exercise your option to purchase and be approved for a mortgage.
Credit Improvement Specialists Available
As soon as you walk into your new home, we will start assisting you to build your credit to the point where you are able to qualify to purchase the home at the end of your lease. If you request, we are able to recommend professional mortgage brokers who are willing and able to assist you at any time.
Preparation for Home Ownership
The Lease Purchase Option process affords you, as the buyer, the opportunity to prepare for what is typically necessary when owning your own home, such as being responsible for the daily maintenance and upkeep of the home and yard, depending on the terms of the agreement.
Benefits in our Lease Purchase Option program
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