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.
Benefits of The Rent to Own Process
If you’re fed up with renting and banks keep rejecting your mortgage application, it’s worth learning more about the real power of rent to own strategy.
You should also familiarize yourself with your personal and financial benefits the Rent to Own process gives you.
And then think about that important step of the online Rent to Own process of pre-qualification, and application -- for the Rent to Own process that can transform your future!
At Rent to Own Home we offer you terrific advantages like customized lease terms, fixed monthly payments, forced-savings plan, credit issues resolved, down payment saved – and free property inspection.
Our process of Rent to Own Home also gives you the freedom to choose the house you really want, in a good area, Liberty to choose your own lender at the end of the term. Rent to own home lets you customize/renovate your living space to your liking. And -- enjoying how those renovations, as part of the Rent to Own process, increase your house’s value.
And with Rent to Own Home:
- You’ll learn more about the Rent to Own process initial deposit – which will help you leverage your time to own your home and stop renting forever.
- You’ll see how at the end of the term we are able to credit your initial deposit towards your down payment in full, as part of this great Rent to Own process.
- And you’ll see how your rent to own commitment and fulfillment of requirements results in you being able to own your home – the Rent to Own Home way.
By the way (and though we advise you against taking money from your high interest-rate consumer credit cards), we do allow you to borrow initial deposit money from your line of credit – or friends/family members. We realize this may be necessary in your Rent to Own process.
We’ll also discuss other important factors of Rent to Own process – like being self-employed, owner obligations, and much more.
Overall – You should care about the Rent to Own process if you want to enjoy home ownership today – even despite your bad credit. At Rent to Own Home, we call our clients “Home Owners in Principle”. That’s what the rent to own process can bring you.
Continue reading about what is involved in the rent to own process.
What Is Involved in The Rent to Own Process
If you want to rent to own a home, you can really benefit from this great aspect of our Rent to Own process – the concept of Reverse Engineering:
At R2OwnHome we start with the “happy ending” you want for yourself and your family. Our strong criteria with our Rent to Own Home process ensure we select only the appropriate candidates.
We evaluate your case with our Rent to Own Home team of mortgage and credit experts. And with the power of our rent to own strategy we create a customized solution that addresses the root cause of your particular situation. Rent to Own Home helps you leverage your time and money to overcome the credit glitches that have prevented you from getting a mortgage.
Our Rent to Own Home process for you includes: the benefit of an expert mortgage specialist to pre-qualify you for your maximum buying power, optimal time required, DCR, TDSR, etc. Once you are qualified for our rent to own home, you’ll have a dedicated realtor assigned to you, and who knows market fundamentals of your desired areas. After all, you want a rent to own property with a future. And at Rent to Own Home, that’s our specialty!
Rent to Own Process Phase 1: Pre Qualify
So – how do you begin the process of renting to own a home?
First phase is to go through the “get pre-qualified” steps of the Rent to Own process, to know if this strategy is right for you, and can help your situation. You can call us now, or apply online, with our handy Rent to Own Home pre-qualifying form.
We’ll need to know about your approximate annual household income, monthly expenses and available initial deposit – as well as what’s wrong with your credit, and your co-applicant’s credit. We do not any kind of verification at this stage. We will inform you if rent to own home strategy will help you with your case.
This is that important “Phase 1” to qualify for our Rent to Own Home program.
Remember! This is in your best interest, to pre-qualify. We take the bare-minimum information online or by phone to see if the Rent to Own Home strategy is the best solution to your problem.
Once you are pre-qualified and you would like to proceed with us a certified rent to own specialist will contact you via e mail or phone. We’ll set up an in-person meeting to discuss your situation in details. Once you decide to proceed with us, Phase 2 of that Rent to Own process kicks in!
Rent to Own Process Phase 2: Qualify
We do require a full application, where you provide written consent for us to pull your credits. We verify supporting documents, including proof of income and expenses. And, as part of that Rent to Own process, we establish cities and towns of interest to you.
Phase 2 of our Rent to Own process will establish the following: time required to become a qualified candidate for a mortgage, qualified mortgage amount, initial deposit, and assigning a Realtor to you for your area of interest.
At Rent to Own Home, we’ll work with you in choosing your property and buy it for you. Once you provide your financial commitment and sign rent to own home agreement you become part of our family and acquire a status of Home Owner in Principle.
Of course, you have to take care of the property and stick to all your responsibilities and obligations. This is one of the most important aspects of our rent to own program – your strong commitment and dedication to changing your housing situation!
Your Advisory Team
Our team of experts in the Rent to Own process is professional, diverse and understanding.
We have combined experience of 30 years in real estate, mortgages and credit. And we have all the expertise to show you how to rent to own a house.
At Rent to Own Home, we give you all the rent to own information you need. We explain everything upfront. No fine print, no surprises. And as you’ll see, our website leads you every step of the way of the Rent to Own process. And Rent to Own Home lets you easily get answers and guidance for your particular problems.
We invite you to learn all about our Rent to Own process, and let us know how we can help you become a homeowner! It’s the right time for you to make that choice, and go for a secure future.
And you can begin your journey to own your home by our Rent to Own process, right now, by taking the following steps.