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Roy,
UT - 3959 South 1975 West #9
Unit 165 - Seller Financing - Lease Purchase Option
| Type:
Single
Family |
Levels:
1 |
| Price:
$600.00/mo |
Interest
Rate:
N/A |
Beds:
3 Baths: 2
|
Size:
Sq. feet |
| Lot
Size: .2
acre |
Year
Built: 1977 |
| Heat:
Gas
Forced Air |
Cooling:
Central Air |
| Tax
#: 0-0-0 |
Taxes:
$. |
| Schools: |
|
| Elem: |
|
| Jr.
High: |
|
| High: |
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Question?
How does Rent to own work on this house? |
Answer:
You are buying a home today but not closing on it for a year or more.
There
is a $3,500.00 lease fee, non-refundable if you do not buy the
home.
When you buy the home, this money is credited, so you don't lose a
penny.
The monthly payment has $150.00 per month being credited to the
purchase
price of the home. Make sense? Lets put it into numbers.
|
|
| Purchase price end
of lease. |
$,000.00
|
| * Less your lease
option fee |
<3,500.00>
|
| * Less rent payment
credit, 12 months
@ $150.00 |
<1,800.00>
|
|
=============== |
| Total amount needed
to RE-FINANCE showing
12 perfect on-time payments are required to help repair your credit,
then
you own the home, 100%. |
$
00.00 |
|
|
|
* Money is
credited to the purchase
of the home, if you do not take the purchase option, this money is not
returned.
|
|
5% equity is needed to get
a refinance
or a new loan at the end of the rental period.
5% on this property is $.00
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-
Updated March 25, 2006 9:55 p.m.
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