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How Does Lease-To-Own Work? The new Lease-To-Own program from BuyCheapHomesAZ.com is an opportunity for you to achieve the dream of homeownership. This program allows you to lease the new home of your choice for 12 months. During the lease period, you will work with us to improve your credit so you will be qualified to secure a mortgage loan at the end of the lease. That’s it, you’re a homeowner.  Step
One: Apply Online - In
order to get started; we need to evaluate your application to see
if you qualify for a home now, or if you must enroll in the program.
After submitting your application, a counselor will contact you to
inform you of your qualification status and next steps. If you are
pre-qualified for the program, your counselor will ask you to provide
additional documentation. Although your application fee is non-refundable, (*$79.99 initial starting fee and $29.99 monthly, which consists of pulling all of your credit reports and a one-on-one review with the credit and underwriting department.) You will get the benefit of a 12-month enrollment in our Score Manager regardless of whether you are immediately qualified for the program. Score Manager will provide a comprehensive monthly strategy to help you work toward your ultimate goal of homeownership. Score Manager will help you qualify for the program. It will show you how to increase your score and help you correct any credit issues that might keep you from qualifying. Step
Two: Choose A Home -
If you are approved for the program, your counselor will then work
with you to find the perfect home. You may have the opportunity to
choose from many homes that may be in our inventory or in the early
stage of being purchased by us. This is the exciting part, because
in some instances you can choose the floor plan, the colors, and the
cabinets - and truly make it your own home! Step
Three: Sign Your Lease And Move-In
- After you sign your lease-purchase agreement, pay your Program Fee
and first month's rent, you'll get the keys to your new home! Move-in
and start enjoying your new living space. During the 12-month lease
period, you will be enrolled in our ScoreManager - which will help
you to improve your credit in preparation of securing a loan at the
end of the term. Step
Four: Secure a loan and be a homeowner!
- By the end of the 12-month lease period, you will have worked diligently
to build your credit. If you make all your lease payments on time,
and meet the loan guidelines, you'll be eligible to secure a mortgage
loan and become the homeowner. In fact, you can assume the loan before
the end of the lease, if you improve your credit and meet the loan
guidelines in less than 12 months. At this point, you will no longer
make a lease payment; instead you will pay the mortgage payments directly.
You will have all the rights and responsibilities of homeownership!
Ready to get started?
Click Here To Apply! |
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With
today’s market, people expect a few credit bumps to hold them
back from home ownership; BuyCheapHomesAZ.com will submit your loan
to our lending division and get the best solution for you. There
are still some people that have a few issues that need time to be
worked out, such as a few debts to be paid off etc. In those cases
we offer our lease to own program. |
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