Trio Lease Financing Agreement
As part of its leasing program, Trio continues to offer fixed monthly payments, a one- to five-year financing choice, a home guarantee and the ability to purchase during or at the end of the lease – features that are good for first home buyers, families recovering from the Great Recession, and those who want the flexibility of leasing with the certainty they can buy when they are ready. Now Trio is adding its OwnOption mortgage to get future accessibility for its customers. You can use trio financing on a conditional offer, just like you with a mortgage. You should make sure that with the sale of your home, the remaining contingency is fully approved. In addition, you need trio to approve in advance the house you want to buy. We know that life-changing events can happen, usually if you don`t plan them. If that`s the case for you, let us know and we`ll see what we can do to help. If it`s after 24 months, just give us 60 days in advance and we`ll work with you to help you continue. If you had to move 2 years ago, we can help with trio`s Sublease Program, another unique Trio customer benefit. We will market your home and find a new occupant, for a small fee.
And, good news for you: if the new resident is qualified, they can replace you and free you from your rental obligations! #MovinOn your income must be eligible for both payments, or you will need a signed lease before we can give final permission to finance your new home. It is necessary that you have 4 months of cash payments instead of our standard 2 months. Trio needs 2 months of payments under the lease agreement to qualify income. If you currently own a home, you must use TrioSelect, as TrioFirst requires that you did not own a home last year. We can make an exception if you move for employment or if your current home is worth less than you owe. Please refer to your individual contact information for your application. As a general rule, only candidates who meet other requirements, including credit score, no active judgments, etc., can contribute to a qualified income, but it is always best to let us know about your situation. Use the comments space on our website or e-Mailemail@example.com (make sure you attach your application ID). In order to qualify a candidate, Trio verifies whether the applicant has sufficient cash resources to pay his rent and other commitments each month, a history of rental or one-time mortgage payment and the potential for employment and credit to be acquired until the end of the lease. Trio removes many typical barriers, especially timing issues such as work history and down payment funds. Trio requires applicants to have about twice their monthly down payment or investment. Much like a self-leasing, Trio gives you the option to reduce your monthly payment in advance.
Do you want a lower monthly payment that Trio offers in your quote? Let us know. We are ready to help you manage your payment via our buy-down program. In addition, many TrioReady homes may have incorporated lower payments due to seller discounts or incentives. Working with trio is easy! From our preferred agent program to direct financing from builders, we`re here to help you grow your business and help homebuyers buy the home that`s right for them. Any house funded in your trio, over the age of 18, must pass a background check and sign the trio financing agreement.