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 Sam
Site Admin
Joined: 21 May 2005
Posts: 281
Location: CALIFORNIA
117.49 Dollars($)
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 Posted: Sat Apr 03, 2004 2:54 am Post subject: Lease-purchase Mortgage Loan |
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Lease-purchase Mortgage Loan is an alternative financing option that allows low-and-moderate income homebuyers to lease a property with an option to buy. The monthly rent payments are so designed that they covers:
- Principal, interest, taxes and insurance payments on the first mortgage.
- Plus any extra amount that is deposited into a savings account created for a down payment.
A seller may agree to a lease-purchase option if:
- The housing market is saturated.
- He/she is having difficulty in selling the property.
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angie
Guest
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| Posted: Fri Nov 11, 2005 5:17 pm Post subject: who does the lease to purchase option. |
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| what company's do this loan.? |
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Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1602
Location: MASSACHUSETTS
149.70 Dollars($)
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| Posted: Fri Nov 11, 2005 5:23 pm Post subject: |
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Hi Angie,
Welcome to MortgageFit Forums.
Generally non profit organisations or private sellers offer this loan. Kindly sign up free with us at http://www.mortgagefit.com/signup/ so that we can make the agencies offering this loan to reach you.
Feel free to ask if you have any more doubts.
God bless you.
Thanks,
Samantha |
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