Press Release Summary = Georgia lease purchase home programs help those with bad credit become home owners in short period of time without qualifying for a home mortgage loan.
Press Release Body = Lease purchase home programs are available in Georgia and becoming increasing popular with those that have bad credit problems and can not normally qualify for a home mortgage loan.
Many have the miss-conception that buying a home will overcome or fix a bad credit situation! Home buyers go from mortgage broker to mortgage broker looking for a loan that does not exist, rather than try and remedy the problem.
To qualify for a home mortgage loan the bad credit situation has to be fixed first, and not the other way around. Lease purchase home programs in Georgia provide that solution.
Lease purchase home programs are suitable for the recently divorced, those that have suffered bankruptcy, or where FICO credit scores are simply too low.
Lease purchase home programs, also know as rent to own programs, are unlike regular mortgages because the applicant does not have to qualify for a loan.
The first focus is on the ability to make monthly lease purchase payments. As most are making rental payments already this is not much of an issue. The second focus is on the future potential for purchasing the home.
If there are bad credit issues to overcome, this can be worked on, while living in the new home. Over time, most credit issues can be corrected.
Lease purchase home programs make ideal alternatives for the self-employed, compared to traditional means of home ownership.
The lease purchase home program original agreement states the purchase price the day the tenant moves in, and doesn\'t change. Any increase in the value of the home belongs to the tenant when the loan is closed.
Typically, with a lease purchase the monthly payments are less than it would cost to own the same home. These monthly savings can be put away, and used to increase the down payment at the time of actual purchase.
Depending on the situation, a tenant can occupy the new home in just a few days or a move-in date can be scheduled around any current living situations.
A minimal down payment is required, or down payment assistance is available if needed. The down payment, and a monthly rent credit, will be deducted from the purchase price of the new home, reducing the amount of money needed at closing.
Lease purchase home programs in Georgia help tenants by improving their FICO score and they can also look forward to home ownership in a relatively short period of time.
For more information on lease purchase home programs in Georgia please call 866 398 4664 or go to http://www.goldmedalmortgage.com/Lease_Option_To_Buy_Home
Web Site = http://www.goldmedalmortgage.com/Lease_Option_To_Buy_Home
Contact Details = Keith Hunt 8190 Orchard Street Alta Loma , 91701 $$country
2022
