what's lease back program?

Answer 1

Typically appeals to older people in need of a fixed income. You would sell you home and lease it back from the new owner.

Something else to consider is a reverse mortgage... you don't have to sell your home, but you take out a mortgage on it and the bank gives you the loan monthly in a fixed amount. You still own your home if you want to sell it later or leave it to your children... the mortgage will have to be paid during the sale of the property.

Answer 2

You sell your property then lease it back from the new owner a/k/a Sale-lease back transaction.