Learn how Rent-To-Own works in Canada. Here is a series of articles to help you decide why you should be OWNING, instead of just RENTING!
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Building Your Credibility
There is nothing that can underestimate the value of a good credit score. Whether you are buying a home for the first time or considering borrowing money for any given reason, your credit score is very important and plays a key role in determining whether or not you qualify for the amount of money you want.
The best way to build credibility is to know what your credibility is. Knowing what your credit score is and understanding how it ties into your investments is essential to taking full advantage of the credit points that you have and the investments you wish to make.
Before applying for a loan, check with Equifax and Transunion. These companies have ratings pertaining to your credit score and will give you a detailed report on what your good credit ratings are, as well as where you can improve. They basically work on a point system - giving points for good credit and taking away…
The Maximum Monthly Payment Formula
Here are some quick formulas to help you determine if you can purchase a home under our Rent to Own program.
We require at least a 3% Non-Refundable Option Consideration to start the process.
This is far less that you would have to pay if you were to get a Conventional Mortgage with a bank!
It is also far less than the amount Realtors add to the purchase price of the house on MLS to compensate the sellers for their 6% commission.
This Fee helps cover lawyers’ fees, contract fees, investor fees, credit reporting fees, and 2 years of property accounting and management. It also helps you qualify for future loans, since you get this refunded once your purchase the home. It is actually helping you to pay this fee!
Think of this a as a Forced Savings Plan. This 3% gets credited towards the purchase of the Home. The generous 20%-40% monthly payment credits, also get credited when you…
How To Buy a New Home Without Bank Qualifying or a Large Down Payment
Stop wasting your money on rent… or living in a house which doesn’t meet your needs. Discover how to move into a better home now! - MAYBE EVEN FOR LESS!
Some people are tenants by choice! But most people would prefer to enjoy all the benefits of owning a home if at all possible. It can be the single most important investment you ever make. A lot of people’s personal wealth is made up mostly from equity they’ve built through years of responsible home ownership.
We believe buying a home should be at the top of your goal list. And, we have a number of homes for sale right now with flexible owner financing. Our unique approach to selling houses can help you achieve the reward of owning your own home faster and easier than going the traditional route. Here are the benefits you can be enjoying by working with us:
You can move fast
When you buy a home from us you can move in quickly and…
