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Expert Insights: What Is a Lease Option?

Expert Insights: What Is a Lease Option?

A lease option is an agreement between a renter and a landlord in which the renter signs a lease with an option to purchase the property. The option only binds the seller; the tenant has a choice to make a purchase or not. Lease options are common among buyers who...
Expert Insights: What Is Seller Financing?

Expert Insights: What Is Seller Financing?

Also known as a purchase money mortgage, it is when the seller agrees to “lend” money to the buyer to purchase and close on the seller’s home. Usually sellers do this when money is tight, interest rates are high or when a buyer has difficulty qualifying for a...
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