You have questions? We have answers!
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Who benefits most from
lease
options?
Anyone who wants a new house now can benefit
from a lease option. However, you’ll benefit most if
you:
| 1) |
Don’t have a down
payment saved up, but
can
still make monthly
payments |
| 2) |
Need to repair
your credit |
| 3) |
Aren’t certain
whether
you’ll
remain in the
area
for a long
period of
time,
but don’t want to
waste
your valuable
money
renting,
rather
than
building
equity. |
What out-of-pocket
expenses
will I pay
for my
lease option?
We ask for a $75 application fee,
which
covers the cost of your credit
and background check.
Once you are approved, we ask for a $2,985 lease option
fee. This fee gives you the right to purchase the home
for up to 5 years.
|
 |
Do I get credits for paying
my rent on time?
You sure do! We’ll credit you $175 a
month toward your purchase every month for the first 2
1/2 years of on
-time payments, while also
locking in your monthly
payment rate for 2
years. If after 2 years
you want to purchase
the lease option,
you can use this
credited money
toward the
purchase of your
home.
When
can I
actually purchase
my lease option? You have
up to five
years to purchase and
use
your earned rent
credits.
What price do I pay when I purchase?
You pay a price
that is locked in today up to 2 1/2 years later. That’s
the best part
of lease optioning!
“This has been the
best financial and life investment!”
Click here to see what our customers say about how
Northwest Lease Options have changed their lives for the
better.
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