Lease Purchase 101



How Can a Lease Purchase Help Me?

Leasing to Buy has been in business for 17 years, and has facilitated over 650 lease purchase transactions, all with an A+ Rating from the Better Business Bureau.

With lending guidelines tightening up, and a large number of houses on the market, it is going to take longer and longer to sell your house.

Our program is a great alternative to get cash flow coming in while the occupants are preparing for finance!

1) Problems sellers face:

• Far too many houses to compete with

• Not enough buyers

• Have to keep dropping sales price

• Not much equity

• Can’t pay 6% commission

2) Problems buyers face

• Lending Guidelines tightening up

• Old or incorrect items on credit report

• Not enough trade lines

• Good credit but just need to get the kids in school

• Owner of a successful business but self-employed.

3) How we solve it

• We have a fairly small number of houses to choose from, often less than 20

• We have a large number of people that can’t quite qualify for financing.

• The price is set. No need to keep dropping your price!

• We have credit and financing in place with HomeVantage.

• You pay us nothing! No commission!

** Most people have credit scores between 600 and 640, but the lenders require a 640 or higher, which means you aren’t marketing to most people! One incorrect item can keep someone from buying your home!

Most issues that people have items on their report that they didn’t know about or thought had been corrected. This is where Envision Financial helps.

Many of the people that come to us for our program were turned down at the last minute for financing on a house, and need to address a couple of items, but they want to keep the kids in the school district and are serious about buying as soon as possible. This is NOT a rental situation as they are simply making the payments directly to you while preparing for permanent financing on your home.

Here’s how it works:

The tenant/buyers are paying you rather than the bank, so the payments go directly to you. It can even be set up electronically from their bank to yours.

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HomeVantage works with the buyers to help them prepare for financing and get all of the proper documentation in place.

While working on the financing, they are responsible for the repairs, and can get a warranty through Old Republic Home Warranty.

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As soon as they are ready, HomeVantage Mortgage helps them finish the financing process. You never pay us! You keep your equity and your cash flow each month!

Multiple companies working together to expedite the purchasing process.

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