How does lease to buy work?

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How does lease to buy work?

2006-11-13 13:46:53 · 2 answers · asked by Vincent D 1 in Business & Finance ➔ Renting & Real Estate

2 answers

I'm fairly sure this is a rip-off. Do the math on the offer and see, but I think when you lease to buy, you are paying way more overall than you would if you just BOUGHT it. I think it's for people who can't make a big payment each month.

2006-11-13 13:48:43 · answer #1 · answered by bibliophile31 6 · 0⤊ 0⤋

Usually a portion of your payments is applied to the down payment or closing cost, of a mortgage loan you acquire in the future. You want to know how much of each payment is being set aside. The more the better. when the property will change hands. and if the mortgage loan company will accept the deal. what ever you do have an attorney review it

2006-11-13 15:14:31 · answer #2 · answered by Larry D 2 · 0⤊ 0⤋