I understand all too well that folks with not so good credit are just so anxious to be in a house they will agree to almost anything.  Many times, I’ve helped people be patient and work through those credit issues, sometimes for years or through several loan resources, and to not be as emotional about what is essentially a huge business decision for your personal finances.  Here’s another cliché – no pain, no gain.

Another thought for those of you considering a lease purchase.  What happens with that contract 12-18 months down the road and you find out that the price you agreed to is now too high.  Your loan company’s appraiser comes in and the home does not appraise.  Sometimes the price is renegotiated, but many times it’s not Miller Time, it’s Lawyer Time!

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