This pportunity for first time home buyers is well explained here. Just click on the title above to learn all about it in an easy format.
Any further questions, please feel free to call Barbara at 800-923-3245.
Friday, September 12, 2008
Saturday, September 06, 2008
Lease-To-Own
Lease-to-own is gaining favor once again
Lease-to-own options are becoming popular again after falling out of favor during the last couple of decades when mortgages were easy to get.
The advantage of lease-to-own to a buyer includes a way around poor credit and an opportunity to rebuild credit worthiness and get in a position to obtain a mortgage.
For sellers, it offers cash flow from properties that might otherwise just be sitting there.
In some parts of the country, like Florida, rent-to-own arrangements are fairly commonplace; but in other parts of the country, buyers and sellers are only beginning to experiment with this form of purchase.
For developers it can also be a way to market their idle spec homes and produce cash flow to keep their lenders happy.
If you have any questions re this arrangement, please email me at Barbara@BGaines.com.
Lease-to-own options are becoming popular again after falling out of favor during the last couple of decades when mortgages were easy to get.
The advantage of lease-to-own to a buyer includes a way around poor credit and an opportunity to rebuild credit worthiness and get in a position to obtain a mortgage.
For sellers, it offers cash flow from properties that might otherwise just be sitting there.
In some parts of the country, like Florida, rent-to-own arrangements are fairly commonplace; but in other parts of the country, buyers and sellers are only beginning to experiment with this form of purchase.
For developers it can also be a way to market their idle spec homes and produce cash flow to keep their lenders happy.
If you have any questions re this arrangement, please email me at Barbara@BGaines.com.
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