{"id":470,"date":"2019-01-23T18:33:30","date_gmt":"2019-01-23T18:33:30","guid":{"rendered":"https:\/\/myprivatelender.com\/?p=470"},"modified":"2023-07-06T05:34:16","modified_gmt":"2023-07-06T05:34:16","slug":"how-to-get-a-mortgage-on-a-lease-to-own-agreement","status":"publish","type":"post","link":"https:\/\/myprivatelender.com\/2019\/01\/23\/how-to-get-a-mortgage-on-a-lease-to-own-agreement\/","title":{"rendered":"How to get a mortgage on a lease-to-own agreement"},"content":{"rendered":"

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

Basics
\nSo this is a two way street. Two parties wants to make a deal, however it has to be fair and
\nyou must look at to get the right advise from your trusted adviser, your mortgage broker, to:<\/p>\n

Checklist
\n\u2022 check out ownership and vendor really own the property
\n\u2022 check out property, what type of liens, caveats are on and they are removable
\n\u2022 check out the price it is not grossly over valued
\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
\nMany other hidden agendas can be discovered when you try to obtain a mortgage at the time the
\nLease To Own Agreement becomes due. We just wanted to make sure, you will not lose all you money
\nwhat you have put toward the purchase price of the property and you have to start all over.
\nFREE 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
\nAssociate at MortgagePRO Ltd.<\/a><\/strong>, a Canadian mortgage brokerage that has the answers and will be able
\nto guide you.
\nWe also provide mortgages for people with issues, provide private financing plans<\/a><\/strong>, solutions and
\nhelp to reach your goal; own your dream home.<\/p>\n","protected":false},"excerpt":{"rendered":"

People have many options to …<\/p>\n","protected":false},"author":2,"featured_media":1644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[15,16],"yoast_head":"\nHow to get a mortgage on a lease-to-own agreement - Private Lender Inc.<\/title>\n<meta name=\"description\" content=\"When you are unable to save up for a down payment, have credit issues, a lease to own agreement might be an option for you to enter. 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