I Have A Question About Lease Options
My lease option is schedule to be executed in about 2 years. The lease option is for 5 years. but I want to use me option in two years. Will the banks or mortages companies gurantee refinancing for me if I have paid on time for the owner to 24 months.
[ Edited by guyy06 on Date 01/29/2005 ][ Edited by guyy06 on Date 01/30/2005 ]
What I have HEARD is most banks/lenders/mortgage brokers are able to treat 12 mos of consistent payments as a refi, and not an original loan.
That being said, the ultimate answer is from your lender. And if they say, "yes" - get it in writing!
Good luck!
N
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