Montreal is a bustling city in Quebec that boasts wonderful educational facilities, lots of job opportunities, and culturally diverse neighbourhoods. This ideal city to live in is a great place to invest in real estate as well. However, without proper credit, obtaining a mortgage to purchase a home in this city is almost impossible. That is why lease to own programs were developed, so that people with bruised credit are able to find Montreal lease purchase homes, and finally move into a home that they can call their own.
Stop Paying Rent & Own Your Home With a Lease to Own Program
A lease to own program allows people with poor credit and the inability to secure a traditional mortgage to find rent to own homes that they can move into right away and thus start building equity. Programs such as these that are offered by a professional company, like St. Leonard based Muxaro, are designed to help Canadians and Montreal residents fix their credit scores and move into a home that they can call their own.
It’s easy to qualify for lease to own programs, which are quite flexible and customizable to your specific needs. Once your application is approved, you are basically treated as the owner of the home the day you move into it. Their program helps you avoid first time home buyer mistakes, since they pre-qualify the home, inspect it and verify the fair value. If you follow the program properly – such as making monthly payments on time – you will have the option to purchase the home at the end of the contract period at an agreed upon pre-determined price.
They work with mortgage brokers who can help you arrange financing, and rebuild your credit rating to good standing. This plan, if followed properly, will improve your credit score so you can be approved by conventional lenders when it is time to end the lease and buy the home.
How Can I Find Montreal Lease Purchase Homes?
Professionals at Muxaro will help you find Montreal lease purchase homes very easily. They will not only help you find the home that you can afford and are happy with, but they will inspect it to make sure it is structurally sound. They will crunch the numbers to make sure the price range is appropriate and affordable and organize monthly payments that you are able to handle (often less than rent). Typically, you need 5% or more as a down payment.
At the end of the day, you will not only have a home that you can call your own, but you will also have had the opportunity to build equity and repair your bruised credit back to good standing. Call Muxaro today and see how they can help you realize your dream of owning a home in Montreal!