 | | You don't need 10% to move into a new house. A small amount of up front cash |
| | is required - typically 3%.
|
 | | This program gives you time to repair your credit.
|
 | | The option price of the home is locked for the term of the lease.
|
 | | Try out the home before buying it.
|
 | | No lengthy escrows and mortgage approvals.
|
 | | You get control of the home. You will be put in full legal control of the home for a |
| | specified period of time without actually having to own it.
|
 | | Maximum leverage: You are spending very little money to control a potentially |
| | very expensive, and very profitable, piece of real estate.
|
 | | Time: Before you actually buy the home, you will have 12-24 months (depending |
| | on your agreement) to repair your credit, find the best interest rates, investigate the home and research the neighborhood and/or schools.
|
 | | Privacy: Your name will not be on the deed or in the public records until you |
| | exercise your option to buy.
|
 | | Peace of mind: You will have full control of the home and can maintain or improve |
| | it however you wish.
|