Home ownership is a dream for nearly all Canadians, but many are struggling to find a home they can afford in today’s market. Either the minimum down payment required by the banks is too high, or the banks decline you because of poor or unproven credit history. Maybe you are a recent immigrant to Canada, self-employed or a new graduate and don’t have sufficient employment history. Whatever your situation is, there is an alternative to traditional mortgage financing, and we call it the Fair Value Rent-to-Own program.
RENT-TO-OWN (also called LEASE-TO-OWN) has become extremely popular recently as an alternative to the traditional way of buying a home. Our Fair Value Rent-to-Own program will get you into the market today quickly and affordably, allowing you to build equity in the home of your choosing while simultaneously establishing a solid credit history. We have developed the Fair Value Purchase Option Agreement that ensures a Fair Purchase Price for you the Buyer, while also ensuring a balanced return on investment for your Temporary Landlord. Every step of the process is explained in clear and simple terms to ensure that you and your trusted family members are completely satisfied with any investment decisions before you make them. That is our commitment to you – honesty, integrity, and Fair Value.
Any time within the three year lease agreement, you have the option to purchase your home for the Fair Value price established for that year. A significant portion of each month’s rent is applied as Credit towards the Fair Value Purchase Price. Your initial Down Payment plus Rental Credits will enable you to qualify for a regular CMHC insured mortgage.
Unfortunately, we cannot offer this program to every applicant. To be fair, applications are evaluated on a first come, first serve basis, so please submit your application today. We will personally evaluate and respond to your application. At that point, we may request additional information and arrange a time to meet with you.