If you’re currently renting a house, town home or condo because you are having a hard time scrounging up enough of a down payment to put towards a house, or are having difficulty obtaining a traditional mortgage because you have bad credit, are self-employed, or for any other reason, you need to know that there are other options available to you to become a home owner. Renting to own is one such avenue to take if home ownership is your dream, but reaching that goal is challenging when trying to go about it the traditional way.
With rent to own homes Toronto, you don’t have to have stellar credit to be approved for a mortgage. You don’t have to have a huge lump sum of money to gather as a down payment for a home – generally 5% or so. You don’t even have to depend on a bank to provide you with a mortgage loan to finance your home. Instead, a rent to own program allows you to become a home owner down the road – without those strict requirements.
Sandstone Management offers rent to own homes where you enter into a contract whereby your monthly payments, expiry date, and future purchase price are all stipulated. As you make your monthly payments on time and in full, your credit score gradually improves, and your equity to put towards a down payment for the home gradually increases! At the end of the term, you have the option to buy, with absolutely no obligation! If the price of your home has gone up significantly, you are covered since the price is determined at the beginning of the lease period. You could be earning equity before you even buy the home!
With Sandstone Management, you get to choose the home you want in the area of Greater Toronto where you want to live. They put you in touch with mortgage and real estate specialists who can sit down with you and help you figure out what you can comfortably afford in a home. They’ll help you find that perfect home that matches your price point, and work out all the fine details of the arrangement. All you need to do is have a good job, a deposit, and a dream of becoming a home owner!
Don’t let your financial history be a deterrent in your goal to achieve home owner status. Let Sandstone Management put you in touch with real estate and mortgage professionals to help you become a home owner much sooner than you ever thought possible! Their ‘homeowner in training’ program is a safe and fast way to become a home owner in Ontario.
Visit Sandstone Management today at www.sandstonemanagement.ca and finally realize your dreams of owning your very own home! For more information or to schedule an appointment, you can reach them at: (905) 235-0841.