Rent to Own
Don't Pay Another Cent in Rent to Your Landlord
No mortgage? Not a problem, maybe rent to own is right for you. If you're like most renters, you feel trapped within the walls of a house or apartment that doesn't feel like yours. How could it when you're not even permitted to bang in a nail or two without a hassle. You feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home. Programs are available to Rent to Own in Simcoe County. Don't feel trapped any more! We have helped many local renters get out from under their landlord's finger, and move into a wonderful home they can truly call their own. You can make this move too! It doesn't matter how long you've been renting, or how bad your financial situation may seem. With the help of our strategic partners, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent.
Call or email us for help, or to have your questions answered. Fill out this form and we’ll get right back to you…We will do our best to get you approved! You are under NO OBLIGATION to purchase and are not obligated to accept the program
Rent To Own....Why?
There are many instances where it does makes more financial sense to rent rather than own. There are many reasons why Buyers choose a rent to own option. Some of the most Common reasons are:
1. I don't have enough money saved for a down payment
2. My credit isn't good or slightly bruised
3. I had a Bankruptcy in the Past
4. I don't think I can get a Mortgage
For many, the rent-to-own home may be the best option.
The best thank you is a happy client and a great referral. We look forward to working with you!
How Does it work?
Renters pay a certain amount each month to live in the house or Condo, and at the end of a set period, most commonly within three years, they have the option to buy the home. Each month of rent paid is income for the seller, while a portion of it goes towards a down payment to eventually buy the home. Both renters and sellers need to be very clear about the contract they draw up before they agree to this arrangement. Renting-to-own has advantages and disadvantages for both parties. Sellers who have already bought a new house will have relief from paying two mortgages at once, and in a slow housing market with many homes for sale, this may be their best option. Buyers who can't yet afford a house may be able to get one more quickly.
What Rent-to-Own Homes are Available?
Once you have been approved, you can choose ANY home within your approved budget, just as you would with a conventional Mortgage. Many Companies advertise a specific Rent-to-Own home. Our investor lender base allows you to select the Home you want!