TORONTO REAL ESTATE | HOMES & CONDOS
February 22nd, 2012 
Gail Reeves Reid

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416-540-8681


Sales Representative

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STOP PAYING RENT!!!!

YOU CAN OWN A HOME WITH OUR UNIQUE RENT TO OWN PROGRAM


ARE YOU TIRED OF PAYING SOMEONE ELSE MORTGAGE?

HAVE YOU BEEN TURNED DOWN FOR A MORTGAGE BUT HAVE DREAMS OF OWNING YOUR OWN HOME?

DO YOU HAVE BAD CREDIT?

HAVE YOU BEEN DISCHARGED FROM BANKRUPTCY?

OUR UNIQUE PROGRAM MAY BE RIGHT FOR YOU.

 

WHAT IS RENT TO OWN?

Rent to own program makes the dream of home ownership a reality for those who do not qualify through traditional methods.


HOW DOES OUR RENT TO OWN PROGRAM WORK?

1) We assist you in finding a property you wish to purchase.

2) Our investors will purchase the property and then enter into a rent to own agreement with you.

3) Whatever down payment you make at the time of purchase, a portion of the rent that is paid during the term and equity from appreciation is credited to you as down payment, when it is time for you to take ownership of the property.

4) We will assist you after closing by offering counselling on how to repair and build your credit history to ensure that they are in a position to buy the home at the end of the rent-to own term.

HOW DO YOU QUALIFY?

1) Deposit: a minimum deposit of 3% is required.

2) Income: the client must be able to demonstrate stable household income.

3) Bankruptcy: proof of discharge must be provided if there has been a bankruptcy in the past.

SAMPLE SCENARIO:

Purchase Price $ 200,000
Annual Income $ 30,000
Initial Deposit $ 10,000
Monthly Rent $    1,300
Option to Buy $      400
Total Monthly Payment $    1,700

 

BUY OUT OPTIONS:

Term Price Down Payment Credit
Yr 1 $212,000 $14,800
Yr 2 $222,600 $19,600
Yr 3 $233,730 $24,400

 

CLICK HERE TO APPLY TODAY



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