Rent to Own Brampton & Mississagua

RENT TO OWN HOUSE IN MISSISSAUGA/BRAMPTON

Frequently Asked Questions Q. I like the concept but how do I select my new home and how much can I spend? Great question after we determine that you are a good candidate for Rent-to-Own, we will introduce you to a real estate agent that is familiar with the area and you can begin shopping for your new home. We will set a budget together based on a number of factors such as monthly lease budget, downpayment and eventual purchase price. These factors all go into helping you ...Continue reading

How does Rent to Own Work? Do you want to own your home instead of rent? Did the bank turn you down for a mortgage? Do you have at least 2 to 4 % down payment?... Do you have a steady income? Do you currently pay 1400+ / month in rent + utils? Do you want to pick your own house? If you answered YES to the above, than a rent-to-own home might be the ideal solution for you. Sounds great but how does this work? Great question. A Rent-To-Own is very similar to a car lease. With a car lease you put down a deposit and make payments for a specified period of time at the end of the lease you have the option (not the obligation) to purchase the car for a predetermined price. A rent to own works in much the same way. A buyer puts down a purchase option deposit, usually less than the traditional 5% required by the bank and makes a monthly payment. A portion of the rent is a credit towards the future down payment. The end purchase price is predetermined at the time of signing. What are the Benefits of Rent to Own vs. Traditional Rentals or Leases? Simply put, the main benefit is putting you in your own home quicker. With traditional rent, your rent goes in the landlords pocket and you have nothing to show for at the end of your lease. With a rent to own home, a portion of your rent goes toward the eventual downpayment on your home. Other key benefits include: You don’t need to qualify with a lender we approve you directly You don’t need a 20% downpayment 4% is often enough to get started You don’t have to have a spotless credit history- we help you rebuild your credit You get into your house now vs. years down the road You lock in your purchase price upfront You get to pick your own house This approach revolves around YOU and not the needs of real estate investors and their limited inventory. Our system is focused on YOU and YOUR needs Once qualified YOU get to pick the house that meets your needs (that’s right you get to shop on MLS just like any other home buyer would) Access to our highly skilled Realtors to help ensure you find the right house in the right neighbourhood for the right price Who is Rent to Own for? Rent to Own buyers generally fall into the following categories: Self employed Small business owners Good income but no credit history Good income but poor credit Previously Bankrupt or Consumer Proposal New to Canada Lack a down payment large enough to obtain conventional financing How do I get started? Start by telling us a bit about yourself by completing the online application form here or give us a call at 416-845-2151