Leaseback Options & Home Equity Release
We know that life can get in the way, and we are here to help you. If you own your home and are looking to pay off debt, our Leaseback Options could be the solution to access your home’s equity and manage debt efficiently. However unique your situation is, JAAG’s Rent to Home Services provides flexible home equity release and a path to potentially repurchasing your home.
Start the lease back option process today!What is a Leaseback Option?
JAAG’s Leaseback Option allows you to receive a payout with your home through a sale-leaseback arrangement, often called an equity release program. The amount you qualify for in a leaseback option generally depends on the appraised fair market value of your home and total debt.
This option is ideal for homeowners looking for a flexible way to access their home equity while staying in their property and managing financial obligations.
Leaseback vs Reverse Mortgage
Many homeowners confuse leaseback options with reverse mortgages, but they are different financial solutions.
- Leaseback / Sale-Leaseback: You sell your home, access your home equity, and continue living there as a tenant, with the potential to repurchase later.
- Reverse Mortgage: You take a loan against your home’s equity without selling, repaying the loan only when you move, sell, or pass away.
Understanding the difference helps you choose the best equity release strategy for your needs.
How a Leaseback Option Works
Our Leaseback Option will enable you to stay in your home while entering a Rent to Home Solution, giving you the time and flexibility to build back your equity and potentially repurchase your home when you’re ready.
Who is Eligible for a Leaseback Option?
A leaseback option is generally an option for people who have equity, want to access cash, and are looking for debt relief or financial flexibility.
Ideal candidates include:
- Homeowners with significant equity
- Those who want to stay in their home while unlocking funds
- People considering alternative equity release options like a sale-leaseback
Frequently Asked Questions (FAQs) About Leaseback Options
A leaseback on a house is when you sell your home to a company or investor but continue living in it as a tenant. It allows you to access your home equity while staying in your property, often with the option to repurchase later.
Leaseback vs reverse mortgage: With a leaseback, you sell your home, get a lump-sum payout, and lease it back while continuing to live there. With a reverse mortgage, you take out a loan against your equity without selling your home. Both provide home equity release, but in very different ways.
To qualify for a home leaseback program in Canada, you generally need to have substantial equity in your home. This option is often used by homeowners looking to pay off debt, consolidate bills, or unlock cash quickly while staying in their homes.
Yes. A sale-leaseback is often used by homeowners who want to pay off debt, avoid foreclosure, or access funds without moving. You sell your home, receive cash from your equity, and continue living there as a renter.
The pros of a leaseback option include immediate access to cash, debt relief, staying in your home, and sometimes repurchasing later. The cons may include losing ownership until you buy the property back.
Benefit in more ways than one with JAAG Rent to Home Program
We’ve helped hundreds of homeowners across Canada access their home equity through our Leaseback Options and Rent to Home Solution. Whether you’re exploring a Leaseback vs Reverse Mortgage or looking for a flexible Sale-Leaseback plan, we’re here to support your financial goals.
Start the leaseback option process today and unlock your home’s equity while staying in the home you love. Contact JAAG Properties to learn more and get started.
Start the leaseback option process today!