Woodhill Homes Blog

This was given to us by the OAPERI, located in Bend, Oregon. We have found it very informative, and so therefore decided to put up the info here as part of a series (”Buy, Rent or lease option?”).

For more useful Real Estate info in Bend, go to their site:

Oregon Association of Professional Real Estate Investors (www.oaprei.com)

Buy, Rent or lease option?

Making the choice of how you want to control property and create wealth can be a difficult decision. It is, however, one that has to be made at some point as you consider whether to rent or own property.

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Due to the recent sub-prime meltdown, many mortgage companies are tightening their lending standards. These tightened standards are making it difficult for many people to obtain loans, which is why Woodhill Homes is now offering a Lease Option.

With a Lease Option the monthly payment on a home is less than a standard mortgage payment; leaving you with more cash at the end of each month. Additionally, a portion of your monthly payment is credited toward your future purchase of the home as equity.

This equity credit is a great benefit to those that are having difficulty obtaining a mortgage difficult lending environment.

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