What If I Don't Have a Mortgage?

What happens if I don't have a mortgage?

Can I still do a lease purchase?

Well, the answer is yes. We actually have a couple options for you if you don't have a mortgage or your house is debt-free. The first option we can do a lease purchase. Meaning, that we'll agree upon a price today. We will then take over any and all responsibilities associated with the property for a period of time including your taxes, your insurance any and all future repairs and maintenance.

Since you don't have any mortgage payments we're going to be making an agreed monthly payment to you on top of your taxes and your insurance will agree upon a definitive end date and on or before that end date you're going to be completely cashed out. Now in this option, the title is going to transfer at the end of the term.

In the second option, we are going to buy your property what we call owner financing. This means that we're going to agree upon a price today we're then going to close in the property. We will then make monthly payments to you for your equity with a balloon date. On or before that balloon date is due, you're going to receive a lump sum. Now as the seller you're going to be acting as the bank. Typically in this option, we're making monthly payments that are principal only. We make principal-only payments because you're not going to have to claim it as interest so you're going to be receiving the full payment instead of claiming it on your taxes helping you maximize your return on your property.

With owner financing we're generally able to pay a premium on the property and close on it in a relatively quick period of time typically between 24 and 72 months sometimes we can have these options be extended. A lot further we're here to buy from sellers just like yourself maximize returns and get you relieved from the property with no responsibilities.

Thanks for watching.

Don't forget to follow us:)

Like us on Facebook: https://www.facebook.com/ASmarterWayHome

Twitter: https://twitter.com/drivx3

LinkedIn: https://www.linkedin.com/in/deborah-rivera-377563169/

Visit our website: www.tdgpropertysolutions.com and

email us at [email protected]