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  • How does the Rent-to-Own Program Work?
    You Rent You Own is dedicated in getting you into the home you want. We purchase the home you want and you will then have the opportunity to buy the home at the end of your program. During this period, you will work with us and our trusted mortgage specialists to improve your credit and save for the down payment of your home. When the term ends, you'll be ready to qualify for a mortgage from a financial lending institution, and the property will officially be yours. Our promise is to sell you the home at an agreed upon price, and all the money you put down initially and monthly option consideration goes toward yours home's purchase.
  • Where is your Rent to Own program available?
    Our program is available all throughout Canada in AB, BC, SK,MB,ON
  • I'm interested in rent to own, How do I start the process to get qualified?
    To begin the process, complete our online application, or reach out to us through our contact us page or give us a call or text. Our team is here to guide you through the next steps and answer any additional questions you may have.
  • What does the application processes entail?
    There is a straightforward application process. It involves a review of your financial situation and a discussion to understand your goals. This helps us create a personalized plan for you. Once you are approved a commitment fee is required.
  • How long is the Rent to Own Program?
    If you follow the personalized plan created for you as you embark on your homeownership journey. You will have the means to purchase your rent to own home within the 2 to 4 year timeframe.
  • How long does it typically take to get into my new home once approved?
    The timeline varies, but we strive to make the process efficient. Once we have the necessary information, we work diligently to get you started on your path to homeownership. Average process to get into your new home is 6 - 8 weeks.
  • What is a commitment fee for? How much is it?
    A commitment fee of $1000 and is required before moving to the financial assessment from our mortgage broker. This fee secures your seriousness in our program. This fee will be credited toward the purchase price of your home.
  • What happens to the commitment fee if we are turned down from the rent to own program?
    This commitment fee will be refunded back to you. Utilizing the details you supplied in your application, we generally assess your eligibility for the program. While we can typically determine acceptance based on this information, there may be cases where progression is not feasible. In such situations, we will refund 100% of your commitment fee.
  • What if I have Bad Credit, Can I Still Apply?
    Absolutely! Our you will work with our trusted mortgage specialists and they will evaluate your situation and assess your potential to secure financing within the next two or four years. Additionally, you'll receive a personalized plan to guide you in improving your credit score. We will work with you every step of the way.
  • Do I Have to Put a Down Payment?
    Yes, Just like any home purchase, you will need to put down an initial option consideration of 3.5% or $10,000 which ever is higher. After all, this is going to be your house! Criteria will differ if you are a small business owner, or self employed. Our program has built in flexibility when it comes to the initial option amount if you don't have the full amount upfront. We can accommodate some options that will work for you.
  • Is the purchase price of the home negotiable?
    A major benefit of our Rent to Own Program is the purchase price of the home is fixed at the beginning of the Program. The purchase price relies on a cautious prediction of the property's future value and remains fixed throughout your time in the Program. This assures that, regardless of any increase in the home's value during the agreement period, your purchase price remains constant.
  • Who Pays The Mortgage, House Insurance and Taxes On The Home?
    In a rent-to-own arrangement, we handle all expenses such as mortgage principal, interest, taxes, and insurance until the program concludes and you secure your independent mortgage to fully purchase the house. Clients are accountable for rent, utilities and option payments contributing to the future down payment on the home.
  • If I've filed for bankruptcy or consumer proposal can I still qualify?
    We're here to support you on your journey to homeownership! If you're determined and committed, rent-to-own is a great option to rebuild your credit. Our trusted experts and financial specialists will guide you along the way. However, if bankruptcy is recent, we might advise against rent-to-own for now. Our goal is to not only empower you with practical financial knowledge and tips , but to also get you into homeownership by the end of the program.
  • If I am self-employed or work as a commission-based employee can I still qualify?
    Yes you can still qualify, the criteria to qualify will differ and will be determined on your overall financial assessment.
  • Who Handles The Regular Maintenance on The Property?
    Throughout the Rent-to-Own period, your primary role will be that of a tenant. You will be in charge of routine house maintenance, such as snow removal and lawn care, while we will handle significant repairs.
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