Your Rent to Own Action Plan focuses on the following key areas: ➢ Credit Improvement – Our goal would be to ensure your credit scores move to over 620 and have at least two active accounts in good standing for a full 24 months minimum. You would then be considered favourable for mortgage qualifying. ➢ Income Stability – It will be important that you maintain your income and job stability during the term of your Agreement. ➢ Financial Obligations and Debts […]
The Rent to Own process can be vary from company to company. Though the main principle remains the same the way the details of the program is carried out is different.
Understanding the Credit Score As most of rent to own tenant applicants have poor credit with blips in the past, it is important to understand how the score is created and key factors that are measured. This is so we can recommend improvements so you can qualify for a mortgage at the end of the rent to own term. Remember your goal is to get the score from where it is now to over 620 to qualify for a mortgage […]
In today’s world, if you are a professional and are looking to get more business you understand the importance of generating and getting qualified leads. A qualified lead is an amazing asset to have and really propels your business forward. However, sometimes we also get leads that are good but people that do not qualify for a mortgage right now but have good income and down payment. They may have some credit issues/ blips in the past, are unable to […]
BUYING YOUR HOME FOR RENT TO OWN PROGRAM: The tips and the rules for buying a home under the Rent to Own program are very similar if not exactly similar when you are buying a home with traditional financing. The only difference is the way it is financed. However, the actual home buying considerations and process is exactly the same. There are few purchases in life that carry the financial and psychological weight of buying a home. Whether you are […]
Rent To Own Is A True Win-Win Summary: If you are a renter who is tired of paying someone else’s mortgage and want to own your own home, there are many ways to buy a real estate; one of them is Rent to own (RTO) option, a means of acquiring ownership over time without taking on debt. The renter agrees to lease the home for a pre-determined time usually from one to three years. There may be an up-front consideration […]
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RENT TO OWN PROCESS How does rent to Own work? This the simple ’5-step program’ that takes you from a renter to a home owner ! STEP 1. INTRODUCTION & APPLICATION: The first step is to connect with us and talk to us about this program. Once we establish that this program is for you and you understand the process, we begin the application process. You fill in a simple application and send some documents for us to pre-qualify you […]
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Rent to Own is a very successful program that we have been running and helping families in Ontario to get into homes. We have an awesome team that we work with that takes utmost care of our clients helping them all the way from application to owning their homes.