Lease-Option *** Spacious House, Great Location, 3BR 2BA ***
* Has the real estate market left you wondering if you ever will be able to OWN YOUR OWN HOME?
* Stop making your landlord money!
* You had credit problem in your past, but you are CREDIT-WORTHY-just need a little break and some time.
* Here is your chance to rent your own home while BUILDING EQUITY and ESTABLISH CREDIT!
Bring your family home to this FABULOUS 3 bedroom, 2.5 bathroom NEWLY REMODELED home. Its SPACIOUS 2310 square-foot design includes a large living room with fireplace, formal dining room, large country kitchen with eating space, lots of cabinets & large pantry. The extra large master suite has a walk-in closet and a private bath room. There is also an entertainment-size family/rec room. In your large nicely landscaped backyard, you can relax on your private deck and patio. There is also lots of storage and a 2-car garage with door openers. GREAT LOCATION, convenient to schools, bus, shopping & freeways.
Lease with Option to Purchase (a.k.a. Rent-to-Own)
ADVANTAGE: The BEST part about doing a lease option (a.k.a. rent-to-own) is that when you buy the home, your loan is actually considered a refinance since you’ve been living in the home for at lease one year. THAT means that you can actually use the equity you have gained at that point as your down payment, getting you a much lower interest rate and payment. WHY? Because you have gained some equity, the bank considers you a much lower risk than someone with a 100% loan. If you default, they have a built-in buffer. Additionally, you will have a home equity line of credit on your equity-a nice security blanket for you and your family should you need some extra cash for emergencies.
Q: What happens if I can’t, or don’t want to, buy the house at the end of my lease?
A: List it for sale! The Option to Purchase is actually assignable, so you can list the property for sale towards the end of your lease, for whatever you think it’s worth at that point. When it sells, you are paid the difference between your asking price and the “purchase price” in the Option to Purchase agreement. Another words, you still get to KEEP YOUR EQUITY! You still win!
Address: 2020 SW 353rd Place, Federal Way, 98023
Move in: $6,095. This includes first month payment plus $4,000 that is fully applied towards your purchase price.
Lease: $2,095/month. For a 12-month lease-term, $1,000/month is credited towards your purchase price.
Purchase Price: $369,000.
Total amount credited after 12 months: $16,000.
Projected Home Value: $380,000.
Equity: $27,000. This is the downpayment already earned!
You establish GREAT payment/credit history with lenders.
We provide free credit help!
Please call 206-229-6997 for details and questions!
http://RentToBuyit.com/