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LEASE-TO-OWN: HOW IT WORKS
Our
Lease to Own program (also commonly referred to as “Lease Purchase” or
“Rent-to-Own”) is designed to help those clients who are either credit
challenged, or are presently unable to get the right financing terms that they
are expecting.
Our program offers a chance
to get into your dream home immediately at a very competitive monthly payment,
while still working with your mortgage company to establish the very best
financing terms available to you. In fact, we actually have a credit repair
program that we encourage all of our clients to invest their time into. The
highly motivated have been successful in drastically improving their credit
scores (and subsequently their mortgage interest rates) in a short period of
time.
If you are not working with a mortgage company at
present, don’t worry - we have had great success in getting all our clients the
financing / mortgage terms that they were looking for with some highly qualified
mortgage representatives that work with people of all credit types.
The positive feedback for
our LTO Program has been overwhelming. One reason may be the monthly option fee
contribution (that puts money in your pocket every month) - meaning you are
building equity from the very beginning! As you will see below, a portion of
your monthly payment actually goes toward the down payment on your home. It’s
like having a built-in Savings Account in your house payment, and is just
another way that we strive to make home ownership a reality for everyone!
LEASE-TO-OWN: AN EXAMPLE
Sales Price: $100,000
Option Contract Fee “Down
Payment”: $3,000
Monthly House Payment: $800 /
month
Option Credit: $100/ month to
Tenant Buyer (from the $800 rent paid monthly)
How your Option Contract
“Savings” Account can grow....
After 12 months:
$4,200 is saved into your option contract account
After 24 months:
$5,400 is in your option contract account
After 36 months:
$6,600 is in your option contract account
At
SBD Housing Solutions we strive to bring the highest quality homes to you at
consistently discounted prices. As Real Estate appreciates in value every year,
our sales price is based on sharing in the appreciation. After all, no one
expects to pay today’s price, 2 years from now! So as your home appreciates in
value, we share in the appreciation with you (at a very modest rate of 4%) until
you purchase the home for yourself. These sales price increases occur at the 12,
and 24-month periods. So 11 months from now, you still get the house at TODAY’S
SALES PRICE!
NOTE: You can exercise your
exclusive option to buy your home at ANY TIME during the length of the contract.
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