Does one offer more opportunity for the tenant to refinance than the other?
Is either a LC or LO considered a refinance in the eyes of the lender?
Does the term of the LO or LC affect the tenants ability to refinance (1 year vs 2 year option)?
Does the amount of the option or down payment affect the tenant’s ability to refinance?
I would like to get the tenant in the best position possible to make the purchase more likely than not. Thanks!