Health & Fitness
Alternative Option for Buyers that Don't Qualify for a Loan!
CBRCA is providing home buyers who have been rejected for a mortgage loan, an alternative option: A Lease Purchase. Read more here to find out which property can be lease-purchased!
According to the Zillow Mortgage Marketplace, three out of ten Americans are unlikely to qualify for a mortgage. This is mainly a result from too low of a credit score. What does this mean? Many potential home buyers are being rejected when trying to qualify for a mortgage loan. Coldwell Banker Realty Corp has an alternative option for these home buyers: A lease purchase!
A lease purchase is a fantastic but hard to come by option provided by the seller, where the closing date for the for sale property is post-poned to a later date, specified in the contract. The "home buyer" lives in the property and pays the seller rent, and then at a later date, buys the home. The amount the home is purchased at is negotiated in the original contract. Coldwell Banker Realty Corp is offering a lease purchase option on one of our properties, 52 River Road, Point Pleasant, PA 18947! If you're interested in learning more about this option or want more details about this home, contact Coldwell Banker Realty Corp!
