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hello thanks for visiting
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my name is Manoj Atri
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i am a Realtor with Re/max Hallmark Realty limited brokerage
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ok regarding rent to own homes let me walk you through
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so what is rent-to-own homes
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rent to own homes in simple terms is that you are not buying today but tomorrow
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now this tomorrow can be anywhere from one year to five years it depends on your credit score income and debts next
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so how does the rent to own homes work
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your credit score will determine in
how many number of years you will
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qualify for a mortgage
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your income will determine the amount that you will qualify for a mortgage
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general thumb rule for income qualifications are four and a half times to 5 times your income
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next so is a
rent to own homes have good idea?
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in my opinion it's worst case scenario you
cannot get a mortgage cannot afford
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private funds which are usually very high
have difficulty in renting a place or some
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rent-to-own can be a good idea if the
value of the home
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increases more than option to purchase amount now let's for example you buy a house
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under her rent to own program for
$300,000 with an option to buy in
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five years for three hundred and fifty
thousand dollars if the value of this house in
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five years let's say becomes $400,000
then it can be a good idea for rent to
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now you will ask me so where can I find
rent to own homes free listings in the
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Greater Toronto Area kindy click on the
link below for accessing those listings
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the link below is manoj atri dot com
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forward slash tour underscore homes
next very important query from you all
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so can I choose any listing
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yes any listing based on your income
affordability investor will buy it
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out for you and you can do rent to
own kindly call me whereby I can walk you through the
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nuances of purchasing these kinds of
properties and the prerequisite
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I can also assist you with all kinds of
credit other alternatives, cash for renovation and
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you can reach me directly at 416 275 2089 so feel free to call me
for any of your rent or own queries talk to you
