Rent To Own

Renting to own a house can be a very effective way for a buyer without enough of a down payment to buy a home or Credit glitches, No credit history, Self-employed, New to Canada, Just getting started (recent graduate, new career, etc.), Recently divorced (and want the same house / lifestyle).

If you don’t have enough money to make a down payment, or your credit rating is too low to secure a loan, you may find a solution by entering into a  rent with option to buy program with a home seller. Rent with option to buy program can offer you time to improve your situation (your credit score and saving for down payment) before buying a home.

The biggest advantage to renting-to-own a home is that it will give you time to save money for a down payment and to repair your credit score. Under the program, you have option saving extra money (Call rent credit) which goes towards the down payment and is non-refundable. 

If you want to realize your dreams of home ownership but cannot qualify for a traditional mortgage due to bruised credit, a small down payment, you are self-employed or are new to the country – you need to know that you CANstill get out of the rental rat race by investing your hard-earned rent money into a rent to own. STOP depositing it into your landlords bank account and start putting it towards a place of your OWN. I can SHOW you HOW

 

1 Comment

  1. Jacob Motanya 06/08/2014 at 10:41 AM

    Thanks Sabbir for the information. The company I currently work for in South Africa is soon opening an office in Toronto and I'll be transferring to head the office there. I'm interested in getting more information on the rent to own process. Please contact me in this regard.

Thank you! Your comment has been submitted and is awaiting approval.

Sabbir Chawala

Sabbir Chawala

Broker/Owner
CENTURY 21 Innovative Realty Inc., Brokerage*
Contact Me

Tags