Tired of Renting? Options for Buying a Home

Posted by on May 7, 2013

Are you tired of renting? Are you looking to finally making the leap to home ownership in the wonderful city of Montreal, so you can finally start building equity in real estate that you can call your own? Thankfully, there are options available to those with poor credit who are looking to step into the real estate market, but would otherwise struggle to secure the Montreal bad credit mortgage they need to buy the home of their dreams.

bad credit mortgage AlbertaStop Renting and Start Owning!

Instead of renting for the rest of your life, take advantage of programs available to you! With a rent to own program, for example, you can turn your rent payments into mortgage payments, and build equity and wealth at the same time! Not only that, but you can also improve your credit score as you faithfully make your monthly payments towards your rent-to-own home. No large down payment is needed – usually just 5% instead of the traditional 20%.  With rent to own, a portion of your payments go towards a down payment for the home!

In a rent-to-own situation, you can move into your home immediately and start making payments on the home, which goes towards building equity in the property. As time goes by, the value of your home will most likely increase, helping you build even more equity in your home.

At the end of the specified term, you have the option to purchase the home at a previously agreed upon price. The wonderful thing about this type of agreement is that you are not obligated in any way to buy the home if you change your mind at the end of the contract! You can simply walk away if your desires have changed.  However, you will most likely discover that you have built up equity in the home over the rental period!  Any market value increase above the pre-set price will be for your benefit, and can help you qualify for a lower rate mortgage.  You can also improve your credit score by making your lease payments on time every month.

Call the Experts to Begin Your Journey to Home Ownership

The professionals at Muxaro are well versed in the field of helping those who previously have struggled to get a Montreal bad credit mortgage. They will be able to help you move into a home right away, and walk you through the entire process of renting to own in Montreal.  You will need a good job/income to qualify.

Why rent when you can own? Call the experts at Muxaro today at (514) 225-6706 and discover the advantages to being an owner instead of a renter! Start building equity and wealth today!

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