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10 Reasons
Why to Rent to Own a Home
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- Alternate
Solution When the bank turns you down, don't
give up. You can still buy a
home.
- Choose
Your Own Home You follow the same steps you would
if you were going to buy a home traditionally.
You work with a realtor, you
get a home inspection & use a lawyer
just like you would anytime you buy a home.
You can also choose
any house on the MLS in Canada.
- You
Always Build Equity
Instead of just paying rent, 10-15% of your rent goes
towards buying your home.
- You Will Rehabilitate Your Credit Over your lease term, you will be on a
plan to increase your credit score so you can
qualify for the home on your own.
- You
Will Experience Homeownership There is nothing like knowing
that your net worth is increasing day by day, month by
month & year by year with equity build up &
market appreciation.
- Homeownership
Trial Period
If you don't like the house, the neighbourhood or even
worse your neighbours, you can walk away from buying
this house with no obligation to purchase.
- Lower
Down Payment
Typically, a lower down payment can be arranged
& over your term 10-15% of your lease payment will be
put aside and considered as your down payment when you
do buy, like a forced savings plan.
- Easier
To Qualify When the bank turns you down
solely based on your credit score, Do Rent2Own can dig deeper to find
your true
story for an approval. It really depends on how long it will
take you to eventually qualify for
your own mortgage. Bankruptcy is even okay!
- Pride
of Homeownership A
place to call home will make you feel better after you
have just been turned down by the bank. Do
Rent2Own will turn what you thought was impossible
into possible with our rent to own program.
- A
Second Chance Do Rent2Own is willing to listen to your
story & understand why you are currently in your situation.
Our business virtually is
based on whether or
not you qualify & buy a home, not whether or not you decide
to rent to own. Therefore,
it's in our best interest to help you buy a home & outline the
steps required to get you back on track.
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