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Benefits Of Our Lease Purchase Homeownership Program
Move into a home you want NOW: Work on your credit or obstacles for obtaining a mortgage, while living in the home you want right now. You will be much more motivated to improve your loan situation while living in a home you want rather than renting something you do not.
Why rent when you can own? If you’re still renting due to credit issues, the window of opportunity may be passing you by. Take advantage of the current buyers market and lock in a price now while home values are still at historic lows.
Work with Licensed Realtors: We have helped hundreds of renters achieve the dream of home ownership. As Licensed Realtors, we are bound by state rules, regulations, and ethics which are not important elements of other "rent-to-own" companies.
Work with Licensed Attorneys and Mortgage Brokers: From Attorney assisted credit restoration, State Licensed mortgage professionals, Real Estate Attorney drafted contracts for your protection, and real estate Attorney consultants, our team of licensed professionals are ready to support you in your quest to achieve homeownership. No other company in Charlotte offers this “One Stop Shop” licensed professional approach to Lease Purchase transactions.
Rent money is working towards purchase: Whenever possible, a portion of your rental payment is credited towards your down payment or towards the purchase price when you close on the house. (Ask us about NEW Federal Banking Laws as they relate to "Rent Credits”)
Down payment is credited towards purchase: When you sign a Lease-Purchase contract, you will pay the seller an up-front deposit (Down Payment on the home). This money is your vested interest in the home and will be fully (100%) credited back to you when you buy the home.
Minimum cash out of pocket: In today’s economy and mortgage industry, when you purchase a home using conventional financing you must have at least 10% down plus closing costs and prepaid escrow costs in most cases. Not to mention, pretty good credit too. When you buy with our Lease-Purchase Homeownership Program you only need your 1st month’s “rent payment” plus just a fraction of the typical down payment. (As little as just 2%-3% down!)
Profits from appreciation: Since the sales price is locked in long before closing (as specified in our Attorney drafted contracts for your protection), any increase in property value will mean that your equity (what you owe minus what it's worth) is increasing in the home.
Less than perfect Credit problems okay: If you have a sincere desire to improve your credit we can help you. Our professional Attorney driven credit restoration programs are second to none and very affordable.
Control of the home: You will be put in legal control of the home for a specified period of time (the lease term) without actually having to own it.
No taxes, less liability: Since you do not own the home (yet), you will not have to pay property taxes and your liability exposure will be dramatically reduced.
Quick move in time: You can typically take possession of the home in a week or less, instead of conventional move in times of one to three months after an offer is accepted.
Maximum leverage: You are spending very little money to control very expensive, and very profitable, piece of real estate.
Time: Before you actually buy the home, you will have 6-24 months (depending on your lease term needs) to repair your credit, find the best mortgage interest rates and terms. We assist you with all of these critical steps.
Peace of mind: You will have full control of the home and can maintain and cosmetically improve it however you wish.
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