: When the lease ends, you apply for a mortgage to buy the home. Key Components to Watch
This arrangement locks in today’s home price while you "test drive" the house and get your finances in order. how does lease with option to buy a house work
: The price is often locked in when you sign the lease. : When the lease ends, you apply for
: A portion of your monthly rent often goes toward the eventual down payment. : When the lease ends
: A Lease Option gives you the choice to buy; a Lease Purchase usually legally binds you to buy. 💡 The Big Benefit