How does it work?
Once a home and price is agreed upon a lease to own contract is completed. The lease fee is based on the home costs of; Insurance, Tax, Water & Sewer and Mortgage payments. These fees are paid to the program who intern pays them on behalf of the lease owner.
The owners are also responsible for; Cable/Internet, Electricity/Heat, Snow removal, Lawn, Maintenance . . .
Our lease owner home program has an exclusive offer to purchase or sell the home at an agreed price during the lease.
The purchase price is also reduced by the amount of principal paid on the mortgage during the lease.
The owner also benefits from the homes increase value typically 6% a year.
Not all Lease to own home or rent to own home programs are the same, Ours offers quality homes at fair market value and fair market interest rates and no small print penalties |