To Buy Home: Lease Option

: It is an ideal bridge for those who want to buy but need time to shore up their credit scores or save for a traditional down payment while already living in the home.

: A portion of your monthly rent—often a "premium" above market rate—is typically credited toward your future down payment, acting as a form of forced savings. lease option to buy home

: If the home's value increases significantly during the lease, you can still buy it at the lower, original agreed-upon price, instantly gaining equity. Lease Option To Buy: Is It Right For You? - Ftp : It is an ideal bridge for those

: The purchase price (the "strike price") is usually agreed upon at the start, protecting you if home values rise during your lease. Why It’s "Interesting" Lease Option To Buy: Is It Right For You