In today’s financing environment, you need a safe alternative to help you purchase your new home. Unlike a mortgage, Trio lets you move into your new home or condo and pay low monthly payments without a down payment or stringent qualifying standards. Trio provides you the benefits of home ownernship and facilitates your future option to purchase using the equity you have built over your lease term.
With Trio, you also have the peace of mind that if your situation changes, you have four end of lease options. You can opt to purchase --preserving the equity you have built while taking advantage of our Homebuyer Bonus Program.
Or if the timing isn’t right, you have the flexibility to re-lease your home, exchange your home for one that better suits your needs (preserving your credits), or simply move out.
Trio also provides flexibility during your lease. If for any reason you need to exit your lease prior to the end of its term, we can assist you in facilitating a sublease or a buy-out. If you wish to purchase your home prior to the end of your lease term, your lease provides you the ability to do so. Our team is there to work with you as your partner throughout your lease and beyond.
At Trio, we understand that most homeowners will not be in their home for 10 years let alone 30 – the term of most mortgages. Your financing should match your best guess on your use of your home. Until Trio, your choices were limited to traditional mortgage products that all require you to pay large up front costs and even larger selling expenses. Our goal is simple – to provide a better alternative to the mortgage for situations where mortgage financing doesn’t make sense. No other home financing tool limits your risk or provides you with as much flexibility and puts you in control of your housing future.
Studies show that most new homeowners move every three to five years in which time they have paid little principal on their mortgage, incurred large up front costs and have made thousands of dollars in payments for interest and mortgage insurance. And when they are ready to sell, they have to pay selling expenses that eat up a large portion of any equity they did have – selling expenses average 8%* of the sales price in Washington State.**6% selling commissions; 1.78% state excise tax and closing fees
