Real Estate Terms |
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| Lease-Purchase Mortgage Loan | An alternative Fannie Mae financing option that allows low- and moderate-income home buyers to lease a home from a nonprofit organization with an option to buy. Each month's rent payments consists of PITI payments on the first mortgage, plus an extra amount that is earmarked for deposit to a savings account in which money for a down payment will accumulate. | |
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| Glossary V2.0 | ||
