Who benefits from Rent-to-Own?
• If you have good to excellent credit, but do not have enough down-payment to buy a home via conventional bank financing. Rent-to-Own helps you build up your down payment monthly via monthly credits until you have enough to qualify.
• If you have ugly credits and need time to rebuild your credit. Rent-to-Own allows you time to bring your credit to good standing while living in a nice place you can call home.
• If you are new to Canada, an out-of-country worker/immigrant/visitor, who cannot qualify to get a loan due to lack of credits. Rent-to-Own allows you to have a home of your own while you build your credit status in Canada.
The only reason why you would continue renting would be Bad Credit,
Low Income or No Down Payment.
or If you do not know of our Programme!
This conversation costs you nothing.
And, of course, you shouldn't have to feel obligated to buy a home at the time you review this.
But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you'll be when you are ready to make this important step.
Understanding how rent-to-own homes work is similar to understanding a car lease.
Mention in the Comments box if you have any specific