Lease Optioning is far more beneficial
to you than
renting. Here's why... |
| Question |
|
Lease-To-Own |
|
Traditional Renting |
Are there
new homes
available? |
|
YES Primarily new and
well-maintained homes
in beautiful communities.
|
|
MAYBE depending on the market. Most availability is in
apartment buildings. |
Can I rent-
to-own? |
|
YES You begin building monthly credits toward
your purchase with
your first month's payment.
|
|
NO It would be rare for you to ever own a home or an apartment that
began as
a rental. |
Will my payments
be fixed? |
|
YES Payments are amortized over five years
so you can budget
easily.
|
|
NO Rents may increase at any time, for any reason. |
Will I be
building
equity? |
|
YES Our programs let you lock in today's price
for you to
purchase the home in two years.
|
|
NO Renting builds your landlord's mortgage only and nothing goes
toward your purchase of the home. |
Is this
program affordable? |
|
YES Lease options are often as affordable as rent. And you still
build equity
in a nice, new property
in a great neighborhood.
|
|
YES Depending on the property and location. Often, the worse
the neighborhood, the more affordable a rental becomes. |
If I have bad credit, can I
still quality. |
|
YES
Lease options are based on your debt-to-income ratio and employment history. Credit isn't the crucial element.
|
|
NO Credit is often THE deciding factor for the landlord in
determining whether you'll be a
suitable tenant. |
Will taxes, insurance & HOA dues be paid until I purchase?
|
|
YES We pay these costs during your lease
term, which keeps your
payments lower. |
|
MAYBE But if there are increases in any of these, it could
be a factor in whether or not your rent increases. |
Can you guarantee my home won't
be sold from under me?
|
|
YES
You have the first right to purchase for 5-years, we cannot sell this
home to anyone accept you! You'll have peace of mind.
|
|
NO With just 30 days notices to vacate, your landlord may sell the
home to another buyer. |
Can I have
pets in my
new home? |
|
YES There are additional fees, a portion of which may be
refundable. |
|
MAYBE Usually substantial deposits are required. |
