If you have decided that you want to purchase a home but maybe for one reason or another you aren’t ready to purchase now, we would love to help. There may be some credit blips you need to fix, lack of down payment, lower income due to maternity/paternity income, recently self-employed, unexpected job change etc. There can be many reasons why you aren’t able to purchase now or qualify for a mortgage. A Rent/Lease to Own Agreement could be the perfect solution to owning your own home and building up your own personal wealth.

We assist our trusted property investors and realtors who will back your efforts to become a property owner in a contract through a Rent/Lease to Own Program: You will find the home that is right for you, and enter into an agreement where an initial deposit and a monthly payment (above your normal rent payment), acts as accumulated down payment over the course of the contract term (1, 2 or 3 years). You would use this accumulation of funds as the required down payment for the home purchase at the end of the contract. You will agree to purchase the home after say 2 or 3 years depending on your agreement, at the pre-agreed price, and you are then a proud homeowner.

This agreement is a win win for you…getting you into your first home sooner, and helping you save for the required down payment.

Myself and my team at The Place To Mortgage will walk you through Step by Step…

Step 1: Before you enter into the Rent/Lease to Own Agreement, we will take an application from you, to ensure that you qualify to enter into the agreement now as a tenant. We will also provide a full picture of what you need to do to qualify for the mortgage at the end of the agreement e.g. fix any credit issues, income clarification, etc.

Step 2: We will provide you with an Action Plan to cover the entire term of your agreement so that you work on any blips or fixes that we have identified in Step 1. so that you continue to qualify for the mortgage financing at the end.

Step 3: We will offer you a Quarterly check-up to make sure you are on track with the Action Plan, again continually working towards ensuring you are a strong candidate to qualify at the end of the agreement.

Step 4: Four months before you are due to take over your Rent/Lease to Own, we will secure a mortgage rate guarantee for you with one of her best lenders.

Step 5: We will walk you through the process step by step to close your purchase as a home owner right up to your funding date… and beyond.

Step 6: We will schedule Annual mortgage check-ups to make sure your mortgage still meets your needs and works for you. During these check-ups we will also discuss scheduling your Mortgage Burning Party!

We look forward to assisting you with your dreams of home ownership…