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Mortgage Terms: Lease To Own Purchase Definition

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Mortgage Terms: Lease To Own Purchase Definition

Lease to own purchase

Definition

A transaction in which a hopeful home buyer leases a home with an option to buy it within a specified period.

See Lease-to-Own House Purchases.

Related Terms

Other terms related to 'Lease to own purchase' starting with the letter 'L'

Lock period, Loan to value ratio, Lock, Lender, Loan discount fee

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