Lease

Over 2200 Glossary Terms

Lease

An agreement where the property's owner allows a tenant to use the property in exchange for monies for a set amount of time. This may also pertain to an automobile where the borrower uses the vehicle for a set amount of time in exchange for lease payments. At the end of the lease period, the borrower gives the car back to the dealer or arranges to buy the automobile.

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Loan Type Today
30 yr fixed 5.03
15 yr fixed 4.58
5/1 ARM 3.99

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