Thank you for visiting my Real Estate Services page with information on what I’m doing to help others as a real estate investor. I primarily specialize in Rent-To-Own (also known as lease option) properties in the Vancouver Island, Edmonton and Fredericton markets.
Purchasing your dream home can be a daunting process requiring knowledge and planning. Most importantly, three key criteria must be met to qualify for traditional mortgage lending; you must have consistent income, good credit and a down payment. Even with careful planning unexpected life events can happen and, when you least expect it, purchasing your dream home may no longer be possible when you had hoped. If your financial situation has suddenly changed, e.g. through divorce or bankruptcy, you may no longer afford the required down payment. If you’re self-employed or a contract worker, it can be difficult to show consistent income, or you may have the money for a down payment, but struggle with poor credit. A Rent-To-Own program is an innovative way to purchase your own home and a great alternative for people unable to qualify for traditional mortgage lending. My team and I are here to help you through our customized Rent-To-Own programs.
What is a Rent-To-Own program?
A Rent-To-Own program can be thought of as a forced savings plan setting you up for success to purchase the home at the end of the program. Instead of living in a rental property while you try to save money for your new home, you can move into the home right away while a portion of your monthly rent goes toward the down payment or equity in your future home.
As a Rent-To-Own home buyer you are a tenant first (Tenant Buyer) and then, after an agreed-upon time period (typically 2-3 years), you have the option to purchase the home from the seller. Over the duration of the agreement the seller holds a portion of each monthly rent to go towards the equity in the home when you purchase it. Key to this arrangement is that, as the Tenant Buyer, you have the option to purchase the home at the end of the agreement. Unlike another type of Rent-To-Own arrangement, the lease purchase, you are not legally obligated to purchase the home with a lease option Rent-To-Own.
Benefits of Rent-To-Own for buyers
What I do
How you qualify
What you are responsible for
For more detailed information on Rent-To-Own programs for Tenant Buyers go to the Rent-To-Own For Buyers page.
A well-planned rent-to-own program can be a win-win situation for everyone. Send a message or complete the tenant-buyer questionnaire today for more information on how to get started on your path to home ownership!
Purchasing a home can be a daunting process and three key criteria must be met to qualify for a mortgage: consistent income, good credit and a down payment. If you have credit issues, are self-employed, new to Canada or don't have enough money for the down payment then a Rent-To-Own program can help you get in your home sooner and set you up for success to purchase your home at the end of the program.
Complete the Rent-To-Own Questionnaire at the link below to help me assess whether a Rent-To-Own program would be good for you.