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Mortgage Professor about purchase: | |||||||||||||||||||||||
Lease-to-Own House Purchases
20 September 2004, 3 October 2005 Postscript What Is a Lease-to-Own Purchase? A lease-to-own house purchase (also "rent-to-own purchase" or "lease purchase") is a lease combined with an option to purchase the property within a specified period, usually 3 ... more... Why Is It Easier to Shop a Refinance Than a Purchase? 4 July 2005 ?I have heard that it is easier to shop for a refinance than for a purchase mortgage, but I?m not completely sure why??? Shopping For a Purchase Mortgage Borrowers purchasing a house are faced with a closing date on which they must provide funding to ... more... |
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purchase related definitions |
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Lease With Option To Purchase
Lease With Option To Purchase A lease under which the lessee has the right to purchase the property. A Lease Purchase Agreement is usually two separate agreements between the parties: a Lease Agreement and a Purchase Agreement. The Lease Purchase shows a definite tenant's ... more... American Dream Downpayment Initiative American Dream Downpayment Initiative The American Dream Downpayment Initiative (ADDI) aims to increase the homeownership rate, especially among lower income and minority households. ADDI help first-time homebuyers with downpayment and closing costs. The program assists low-income ... more... |
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