Rent to OWN
Get into your dream home sooner.
WHAT
WHAT is Rent To Own (RTO)?
- Renting with the option to buy
- Designed to assist individuals who have difficulty obtaining a mortgage
- Provides a way to re-build credit scores and accumulate a larger down
payment before they need to qualify for a mortgage
WHO
WHO is RTO for?
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Bad credit / Not approved for the mortgage renewal / Bankrupt (not recently bankrupt)
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Self-employed / Foreclosure / New to Canada
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Down payment amount not large enough to obtain a conventional mortgage
HOW
How does RTO work?
- FIND – once pre-approved for RTO, you start looking for a house with your designated realtor
- LIVE – enjoy living in the home of your dreams while building credit or saving money
- BUY – at the end of the term, you buy your home at the pre-determined price and become the homeowner
