Land Lease Myth Busters

life-lease

At Parkbridge we love being able to talk to customers about the concept of land lease and how it can help individuals who are thinking about purchasing a Parkbridge home.  Here are some common myths about the concept we think you might find interesting:

MYTH #1: Land Lease is too expensive.
MYTH BUSTED: Instead of having to finance a large mortgage for the home and the land your home sits on, you only finance the home. With a reasonable mortgage, you can use the money you will be saving for other things. After you’ve paid off the mortgage for your home, you will only have to pay for the land lease, which much more affordable than a high mortgage you will be paying for possibly the rest of your life. Purchasing a home in a leased land community enables you to own a home that you otherwise may not be able to afford.

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