The Rent to Own Process
The Canadian Finance Minister Jim Flaherty recently announced some news that could greatly affects Canadians as potential homeowners.
Because of national indebtedness, the period of mortgage amortization may be shortened – and larger down payments would be required. If you’re already struggling – and if you think this news means you say goodbye to being a homeowner – read on!
At Rent to Own Home, we can give you plenty of information on the process of Rent to Own, and how you can rent to own a house -- even if you have bruised credit, a history of bankruptcy, or think you don’t have enough for a down payment.
The alternative solution of Rent to Own is not new, and the Rent to Own process has recently gained popularity in our recent tough economic times. This process lets you say good-bye to “just renting,” and say hello to renting your way and to buying a secured future for yourself and your family.
With the Rent to Own process, you occupy a property with Initial Deposit and Occupancy Fees -- and with the exclusive right to buy it after a certain time period on a pre-determined price.
By paying a certain amount each month to live in the house you’ve selected, you’re actually leveraging your rent to own your own home. A portion of your rent goes towards a down payment to eventually buy the home – what the Rent to Own process is all about!
By now, you may be thinking this Rent to Own process makes perfect sense! It’s so exciting – because it can help you become a proud homeowner. And at Rent to Own Home, we can give you lots of great info on how the Rent to Own process can help you in your particular situation.
You’ll learn everything from the significance of your initial deposit – to how our Rent to Own Home team of real estate, mortgage and credit experts can work with your particular circumstances, in the Rent to Own process.