What are the benefits of Lease option?
Faster Equity Growth Equity can accumulate much faster than with conventional financing Rent Money is Working Towards the Purchase of the Home Each month that you pay rent and a lease option. The lease option will be fully credited (100%) to towards the agreed purchase price, and sometimes a portion of the rent will be credited towards the agreed purchase price as well Option Consideration Is Credited Towards the agreed purchase price of the Home When you execute (sign) a lease purchase contract, you must pay the landlord/seller an option deposit, usually between 3-5% of the agreed purchase price. This money is your vested interest in the home and will be fully credited (100%) to towards the agreed purchase price Minimum Deposit When you purchase a home conventionally, you must pay closing costs, prepaids and a deposit. With a lease option contract, you pay only first month’s rent and an option deposit Frequently No Down Payment at Closing Since you have given the landlord/seller an op
