{"id":1619,"date":"2022-03-23T17:44:28","date_gmt":"2022-03-23T17:44:28","guid":{"rendered":"https:\/\/myprivatelender.com\/?p=1619"},"modified":"2023-07-06T05:33:13","modified_gmt":"2023-07-06T05:33:13","slug":"about-private-lenders-part-5","status":"publish","type":"post","link":"https:\/\/myprivatelender.com\/2022\/03\/23\/about-private-lenders-part-5\/","title":{"rendered":"About Private Lenders Part 5"},"content":{"rendered":"

How to get a mortgage on a lease-to-own agreement<\/strong><\/h3>\n

People have many options to purchase a home, one of them called Lease To Own. It is a solution for the clients unable to save down payment during a foreseeable time and or have credit issues. In any case, before you enter into any type of rent or lease-to-own agreement, you must contact an experienced mortgage broker. There are many landlords; investors unable to sell their property are resorting to this type of arrangement. Reasons can be, I am not saying for sure; overpriced property, the property needs upgrading, fraud, and so on.<\/p>\n

Basics<\/strong><\/h3>\n

So this is a two-way street. Two parties want to make a deal, however, it has to be fair and you must look at to get the right advice from your trusted adviser, your mortgage broker, to:<\/p>\n

Checklist<\/strong><\/h3>\n

\u2022 check out ownership and vendor really own the property
\n\u2022 check out the property, what type of liens, caveats are on and they are removable
\n\u2022 check out the price it is not grossly overvalued
\n\u2022 how to get an appraisal to ensure you are not being taken for a ride
\n\u2022 how to make sure to execute the right type of Lease To Own Agreement
\n\u2022 how to properly document the down payment
\n\u2022 properly document the funds paid to the vendor and it will qualify as additional down payment
\n\u2022 the right documents executed the right way to ensure mortgage approval in due time
\n\u2022 reasons to use a reputable law firm will pay off, you can bet on it<\/p>\n

Hidden Agendas<\/strong><\/h3>\n

Many other hidden agendas can be discovered when you try to obtain a mortgage at the time the Lease To Own Agreement becomes due. We just wanted to make sure, you will not lose all you money what you have put toward the purchase price of the property and you have to start all over. FREE Consultation<\/a><\/strong> to avoid possible issues will save you money, time and possibly losing a bundle.<\/p>\n

For detailed information on how to structure the Agreement please consult one of our experienced Associate at\u00a0MortgagePRO Ltd.<\/strong><\/a>, a Canadian mortgage brokerage that has the answers and will be able to guide you.
\nWe also provide mortgages for people with issues,\u00a0provide private financing plans<\/strong><\/a>, solutions and help to reach your goal; own your dream home.<\/p>\n","protected":false},"excerpt":{"rendered":"

How to get a mortgage …<\/p>\n","protected":false},"author":2,"featured_media":1499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[15],"yoast_head":"\nAbout Private Lenders Part 5 - Private Lender Inc.<\/title>\n<meta name=\"description\" content=\"Not all of us have great credit, but it can change. 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