Lease Purchase

What is Lease Purchase?

An agreement between a landlord-seller and a tenant-buyer is known as a rent-to-own or lease with an option to buy. This legally binding arrangement enables the tenant-purchaser to buy the home he leased at a later time and for a fixed sum. Tenant-buyers who use rent-to-own have the opportunity to improve their credit. Additionally, it enables him to benefit from the building’s capital gain.

Audience Target for Rental with
Option to Purchase

Target Market for the Rental with Purchase Option

Individuals whose credit has declined

The Newcomers

Workers Who Are Self-Employed

Those who are barred by their religion from paying interest

LEASE-PURCHASE STAGES

  • Step#1: Customer qualification
  • Step#2: Qualification of the building
  • Step#3: Purchase of the building
  • Step#4: Rental-purchase contract
  • Step#5: Redemption of the building

OUR SERVICES

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Notice of exercise or "60 day notice"

It can be difficult for people to know how to proceed and where to begin when they receive a notice of exercise, also known as a 60-day notice, that calls for a payment or sale that must be made under the supervision of the court. When it comes to that, we can help. To deal with these situations, we have a variety of solutions. For every situation, we have a unique strategy and solution.

Purchase/Redemption

This formula is applicable to those who have gotten an exercise notice but are unable to refinance with their bank. We will support the client all the way through the process while we look for a way to help them keep their house.

Rental/Purchase

People who are unable to secure a mortgage loan are given this formula. We will walk alongside clients while they purchase their house. They will have the option to pick the home that best suits their requirements. They need to have a down payment and a steady job. Together, we will create a plan of action that will enable customers to take possession of their new home as soon as possible.

Private Loan

The private loan may be a temporary solution for paying off debts or making improvements. Anyone with equity in their home who is in need can apply for the loan. Our services are used by people who can’t finance or refinance their debt at their financial institution. The two essential requirements are employment (a steady source of income) and home equity. The smallest loan is for $25,000 in total.

Credit Restoration / Debt Consolidation

Our credit specialists will typically create a budget and a credit strategy so that the customer raises their score, adheres to their spending plan, and qualifies for a mortgage loan. When our clients follow the plan, it typically results in a success tale.