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Glossary of Terms > L > Lease Option

Lease Option

This alternative financing option allows home buyers to lease a home with an option to buy. Each month's rent may consist of the rent and an additional amount which can be applied toward the down payment on an already specified price.

L Terms

Lease

Lease Option

Liabilities

Lien

Life Cap

Line of Credit

Liquid Assets

Lis Pendens

Listing Price

Loan

Loan Officer

Loan Origination

Loan Servicing

Loan-to-Value Ratio

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