Renters wanting to become homeowners are choosing to Rent to Own.
Rent to Own For Your Family's Future.
Our special ‘tenant-first’ rent to own solution are for families who want to live in their dream home now while they improve, build, repair their credit or build up their down payment. Once you qualify for a mortgage, ownership can be transferred to you.
“While rent to own transactions are most commonly conducted in the context of consumer goods obtained at a retail store, this type of transaction also describes a specialized real estate agreement. In a rent-to-own real estate agreement, the tenant has the option to purchase the real property at a fixed price within a specific period of time, usually one to three years. As part of the contract, the renter may be required to make a non-refundable deposit. Occasionally, a portion of the monthly rent paid during the lease period is counted towards the down payment on the property, often in addition to the monthly rent as a monthly premium that sets the rent above the current market rate. If the tenant is unable to exercise the option to buy, the owner is then free to rent or sell the property to another buyer, or to restructure the contract.” Source: Wikipedia, the free encyclopedia
Benefits of Rent To Own
“A house is made of walls and beams; a home is built with love & dreams”. Dr. William A Ward
Freedom To Choose
Personalize your private space as you see fit. Pets/no pets, smoking/no smoking, improvements, noise and privacy are some of the issues that you will be able to control.
Security For Your Family
Protect your children from the threat of eviction, strangers who are constantly ‘coming and going’ and rent increases.
Savings In The Form of Equity & Appreciation
By paying a monthly down payment installment instead of just monthly rent you will increase your equity every month. Equity is like having your own personal ‘savings account’. It is the money that is created from the difference between the value of your home, (which is steadily increasing) and the constantly decreasing amount of your mortgage. This ‘savings account’ grows even faster as your property steadily increases in value over time. We call this powerful phenomenon Appreciation!
Renting to Own is the Perfect Solution!
Renting to own is the perfect homeownership solution if one of the following matches your situation, problem or concern.
Have To Move?
- Landlord Selling?
- Facing Eviction?
- Problem neighbors?
- Problems with the house?
Renting Is More Expensive Than Owning?
- Monthly Rent $1000/month or higher?
- Tired of throwing away $12,000+ per year on Rent?
Don't Have A 5% Downpayment?
- Don’t have closing costs?
- Only have a partial down payment?
- Low Down Payment?
Credit Bruised?
- Bad Credit?
- No credit?
- Low credit?
- New credit?
- Recently Bankrupt?
- Still in a Consumer Proposal?
Declined a mortgage because of your personal situation or work?
- Newcomer?
- Self-employed?
Renting VS Rent To Own
- Renters never stop paying rent!
- Renting to Own allows you to own a home!
- Renting to own provides the chance of getting equity!
Need more information or are you ready to start looking at homes?