10% Down Payment Owner Financing @ 7.99% fixed interest for 36 months. At the end of 36 months, The interst rate will be variable.
Monthly lease payment will be 1% of the purchase price with 25% going into an escrow account. When the escrow account reaches 10% of purchase price, escrow is applied as the down payment and the note will be financed at 7.99%.
Example Purchase Price: $150,000.00 Monthly Payment: (1%) $1,500.00 75% going to rent: $1,125.00/mo. 25% going to escrow: $375.00/mo. When escrow reaches $15,000.00 this will be applied as down payment and loan will be financed at 7.99%.