My husband and I credit is not good, therefore we were thinking about a Lease/Purchase, the down-payment and
monthly price is right. What happens if our credit down the line will not be able to support buying a house? My husband had no insurance when he had a heart attack, so we haD to claim BK
Answers (1)
FIRST ANSWER
Hire a real estate attorney to consult with and be careful.Your payments should be made directly to the lender and not the individual. One way to do this is to use a third party source that will also build your credit like Virginmoney.com
If you cant buy at the end typically you forfeit the down payment. Get into a good credit couseling program.
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