Lease-purchase Mortgage Loan

Concept of Lease-purchase Mortgage Loan in the context of Real Property

A short definition of Lease-purchase Mortgage Loan: A financing method allowing a tenant to make payments on a mortgage plus an amount set aside to be used as a down payment for purchase of the property. Usually offered to low income buyers by local governments or community organizations.

Concept of Lease-purchase Mortgage Loan in the context of Real Property

A short definition of Lease-purchase Mortgage Loan: A financing method allowing a tenant to make payments on a mortgage plus an amount set aside to be used as a down payment for purchase of the property. Usually offered to low income buyers by local governments or community organizations.