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Buying VS
Lease Purchase in Atlanta
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Purchase Price
$750,000
5680 Kayron Drive
Sandy Springs GA 30328 |
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| Buying |
VS |
Lease Purchase |
|
Down payment (10%) |
$75,000 |
|
Mortgage (90%) |
$675,000 |
|
Mortgage Amount (6.625%) |
$4,322.10 |
|
Mortgage Insurance |
$292 |
|
Taxes & Insurance |
$750 |
|
Total Monthly Cost |
$5,364.10 |
|
|
Down-payment |
$20,000
|
|
Mortgage |
|
0 |
|
Lease Payment |
5,000 |
|
Mortgage Insurance |
0 |
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Total Monthly Cost |
$5,000
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In the above example doing a lease purchase for two
years instead of buying, there would be approximately
$55,000.00* less in down payment. If you invested that
savings in a CD account at the bank at 5%* it would
yield approximately $5600* in interest for two years.
There is approximately $8640.00* in monthly payment
savings in two years. If placed in a saving account
(paying 2%*) each month would build to $8920.00*.
Your savings in two years would be $14,520*. if you
divided that by 24 months you lease payment now becomes
$4395* per month.
Or if you used your savings as additional down payment
it would reduce you monthly payment by $93.10* per month
saving a total of $33,516.00* over the life of the loan.
Note** These figures are estimates
only and may or may not reflect the actual savings and payments. The actual
numbers will be available at time of purchase. |
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Benefits of Buying Now
1. Build
Equity as you own
2. Tax
Deductions of interest paid .
3. Lock
in purchase price.
4. Tax
Deductions for property taxes paid.
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Benefits of Lease Purchase Now
1. Build
almost the Same Equity as you do when you own.
2. Reduced
Down Payment
3. Reduced
Monthly Costs.
4. Lock
in Purchase Price.
5. Possible
Reduced Credit Requirements
6. No
Bank Qualifying
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Purchase Price
$899,800 3
Angus Trail
Sandy Springs GA 30328 |
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| Buying |
VS |
Lease Purchase |
|
Down-payment (10%) |
$90,000 |
|
Mortgage (90%) |
$809,900 |
|
Mortgage Amount (6.625%) |
$5,186 |
|
Mortgage Insurance |
$388 |
|
Taxes & Insurance |
$900 |
|
Total Monthly Cost |
$6474* |
|
|
Down-payment |
$27,000
|
|
Mortgage |
|
0 |
|
Lease Payment |
6,000 |
|
Mortgage Insurance |
0 |
|
Total Monthly Cost |
$6,000
|
|
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In the above example doing a lease purchase for two
years instead of buying, there would be approximately
$63,000.00* less in down payment. If you invested that
savings in a CD account at the bank at 5%* it would
yield approximately $6600* in interest for two years.
There is approximately $11376.00* in monthly payment
savings in two years. If placed in a saving account
(paying 2%*) each month would build to $11,700*.
Your total savings in two years would be $18,300*. if
you divided that by 24 months you lease payment now
becomes $4475* per month.
Or if you used your savings as additional down payment
it would reduce you monthly payment by $93.10* per month
saving a total of $42,580.00* over the life of the loan. |
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Purchase Price
$729,800
5770 Garber Drive Sandy Springs GA 30328 |
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 |
 |
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| Buying |
VS |
Lease Purchase |
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Down-payment (10%) |
$72,980 |
|
Mortgage(90%) |
$656,820 |
|
Mortgage Amount (6.625%) |
$3,626.19 |
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Mortgage Insurance |
$465.24 |
|
Taxes & Insurance |
$524.99 |
|
Total Monthly Cost |
$4616.42* |
|
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Down-payment |
$21,894
|
|
Mortgage |
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0 |
|
Lease Payment |
4,600 |
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Mortgage Insurance |
0 |
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Total Monthly Cost |
$4,600
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Note **
This numbers are used for illustrations only, final
amounts may change based on credit history and amount of
down-payment |
What's a Lease Purchase?
A Lease Purchase allows you to rent and occupy the home while
having a contract to purchase the property for a set amount at a
predetermined time in the future.
Basics of a Lease Purchase
Buyer pays the seller option money for the right to later purchase
the property. This option money may be substantial.
Reasons to do a Lease Purchase
Reason to purchase a home with a lease purchase
Option.
Lease Purchase Benefits for sellers
Top sales price, even if demand is low:
You attract more buyers who are willing to pay a premium because of
the exclusive financing terms and value you're offering.
Lease Purchase Benefits for Buyers
If you are in the market to buy a home, you are probably aware of
the advantages home ownership provides (tax shelter, appreciation,
security, etc). If you are actively seeking homes for sale on a
Lease 2 Purchase agreement, you are either,
Lease Purchase Investing Strategy
If you are
a Real Estate Investor, Lease Purchase is the most profitable
avenue to control Real Estate without the maintenance headaches.
Pros and Cons of a Lease Purchase
List of
pros and cons when purchasing property with a Lease Purchase
Option.
New Homes with Lease Purchase Options
Many Builder have large inventories of new homes, a
lot of them are considering selling their homes with a lease
purchase option.
Lease Purchase Benefits for Investor
As an investor, you will receive the exact same
features and benefits as the landlord/seller or the tenant/buyer,
depending on which role you take in the transaction.
Lease Purchase Application
In order to better
serve you and to minimize the amount of time to get you into a home,
we are requesting you to fill out our Lease Purchase application.
This information will help us determine the location and the price
home we can offer you.
Atlanta Homes available on a Lease
Purchase
Equity in the home you are buying, in most
lease purchase agreements the price of the home is determined at the
time you write the lease purchase agreement, what this means is that
you begin to build equity without having to actually purchase the
home. If you happen to be in an area where it appreciate rapidly,
you may just make more money that you otherwise wouldn't have.
Get to know the area; with a leas purchase you
will have enough time to find out all about the neighborhood as well
as all the issues of the house you are buying.
You have no taxes and insurance, while you
lease the house the owner still responsible for paying taxes and
insurance and in some occasions major repairs.
Avoid traditional down-payments; with a lease
purchase you don't have to deal with a lender, paying closing costs
until you close on this house, or come up with a large down-payment.
Find Lease
Purchase Homes in Other cities close to Atlanta
First Time Home Buyer Tax Credit Enacted
The temporary first-time home
buyer tax credit will help stimulate home buying,
reduce excess supply in housing markets and shore up
home prices, so it is critical to get the word out
to consumers right away.
For REO Properties in
Atlanta Click Here
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