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Rent To Own
Rent-To-Own is one of the great programs. Yes! You can own your dream home ‘Without Bank Qualifying’. What’s more?

Rent to own is an affordable way for down-payment or credit challenged homebuyers to buy a home when they cannot get a mortgage through a bank or can’t afford the expenses of a private mortgage. Works great for those that are coming off of a bankruptcy, consumer proposal, divorce, new to the country or self-employed

For a consumer who wants to buy a home but has been declined at their bank due to lack of Down payment, Credit rating or for any other reason, Rent to Own could be the perfect solution. Rent to Own contracts are more than just paying rent to the Landlord and applying part of the rent toward the purchase of the property. We will walk you through the steps that are involved in a Rent to Own (RTO) contract. For some people who need time to repair their credit score, or unable to save for a down payment any other way, this can be a great way to eventually purchase your own home. You must be sure that this particular real estate transaction is of benefit to you and that you can afford to take the risk of not being able to follow through with the contract. Our Rent to Own (Lease to Own) program helps people avoid the bank’s inflexible rules allowing them to become homeowners.

How Does Rent to Own Benefit for the buyers
  1. You build equity for your home
  2. You can re(build) your credit
  3. You avoid closing costs
  4. We often say Yes when the bank has said No
Pros for buyers

Rent-to-own can be worth looking into for would-be buyers who simply can’t wrangle a mortgage the traditional way. Typically, that’s because you either lack enough cash for a down payment or your credit score isn’t strong enough to be approved for a mortgage (or both). With a rent-to-own agreement, you get more time to boost your credit and save up, all while getting a head start on building some equity.

You may also benefit from a rent-to-own agreement if you are reasonably sure you want to stay in the house and neighborhood long-term, but still want to “try it out” while maintaining an escape route (albeit a pricey one). If you can lock in a purchase price before the home’s value rises, you may be able to save in the long run, too.

If you’re at a point where you just need a couple of years to get your credit to the point where a bank will talk to you, and you just haven’t been able to save up a down payment to purchase a house, then a rent to own situation can work out great for you! Take a hard look at your finances, though, and make sure that you can satisfy all of the conditions of the contract. If this sounds right for you, give one of our rent to own representatives a call today. We’ll go over our system for helping buyers like you find the home of your dreams and move in while you’re still financially preparing to buy it.

Benefit for the sellers
  • Sellers who want to purchase their next property prior to having a firm sale on their current house, duplex, townhouse, condo, or acreage, even mobiles

  • Sellers who are considering renting their house, but do not have the expertise, time or desire to manage tenants properly.

  • Sellers who cannot afford Realtor fees or mortgage payout penalties.

  • Sellers who do not need the cash immediately and would consider a steady monthly payment instead, secured by real estate titled in their own name.

Pros for seller

Of course, there are some benefits for the sellers, too: They get a long-term tenant who has a big stake in taking care of the property, and the nonrefundable option fee helps reduce some of their risk if the buyer eventually walks out.

They can often still get a high sales price and rent for the home, even in a shaky market, because the tenant/buyer gets to start building equity from the get-go. They also won’t have to pay the pricey real estate commission (usually 3%-6% of the purchase price) they would if they sold their home the traditional way.

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    Private mortgage is the type of mortgage that is provided by another person

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