Lease Option to Buy Homes in Montreal

Many people call Montreal their home for many different reasons. This culturally diverse city offers people from all walks of life the opportunity to find a career, leisure activities, and wonderful neighbourhoods to raise a family in. People who desire to live in this bright city often look to buy, only to find that their finances and credit history do not allow them to be proper candidates for a traditional mortgage for a home. Fortunately for them, there are other options that they can take advantage of.

Lease Option to Buy Montreal

There are other ways to go about finding the perfect home for you and your family in the bustling city of Montreal. One way to get around the traditional mortgage system is to take advantage of a lease to buy program. A lease to buy (or rent to own) program involves a lease combined with the option to buy the property within a certain agreed upon timeframe. A contract is entered into between the property owner and the renter, and an agreed upon purchase price is established at the onset of the contract.

This is a wonderful option for those who find it difficult to get approved for loans or mortgages that now have even stricter qualification requirements, which many people hoping to buy a home are unable to meet. Anyone entering a lease to own contract will find it beneficial for many reasons. The most obvious benefit is the ability to eventually own a home one day without having to come up with a substantial down payment up front, or getting approved for a mortgage with poor credit.

Another great benefit for those entering lease to own contracts is the ability to begin building equity in their home right away. Having equity built up in real estate is one of the best ways to secure you and your family’s financial freedom one day in the future. In addition, if the agreed upon purchase price is established at a certain amount, and the value of the home is worth more at the time the contract expires, you can potentially make quite a bit of money if the value of the home is much higher than at the onset of the contract.

A lease option to buy Montreal is a fantastic way to help those who would otherwise be turned down for a mortgage, or do not have a large enough lump sum of money to put as a down payment, realize their dreams of becoming homeowners.

Call the Experts

Deal with a credible, ethical company when entering a lease to own contract, like the experts at Muxaro. Their team of professionals will get you well on your way to one day owning your own home through the advantageous program of a rent to own contract. They can help you even improve your credit score and increase your chances of getting approved for a conventional mortgage in the near future while participating in a rent to own program. Call Muxaro today at 514 225 6706 and see how they can help you and your family find a fabulous home in Montreal and other areas of Quebec.

Think You Can’t Afford a Cottage? Think Again!

How amazing would it be to just get up one bright Saturday morning, and spontaneously decide to pack your things, fill the car with your family or friends, and head up to your very own cottage? Owning your own vacation property affords you the benefit of deciding at the last minute that you’d like to take a much needed time out. The place is yours – which means there is no need to spend countless hours and lots of effort trying to find the ideal cottage to rent that’s not only available when you need it, but that falls within your budget.

Many Canadians may just assume that they wouldn’t be able to qualify for a cottage mortgage Ontario. But the truth is, getting approved for this type of financing is a lot easier and more accessible than you may think!

Cottage Mortgages – Helping Canadians Become Cottage Owners!

Whether you’re looking for a cottage in Muskoka, Haliburton, the Kawarthas, Peterborough, Parry Sound or any other cottage country location of your desire, getting a cottage mortgage will help you finally realize your dreams of having a vacation home of your very own. Regardless of whether the property is only used in the summer, or year round, there is a mortgage out there for you!   You just need to work with an experienced mortgage expert who can help you find the right lender and get you approved for a mortgage so you can finally call a cottage your own!

There are plenty of lenders out there who regularly deal with cottage mortgages, and tailor their products specifically for your needs.  Sometimes, 95% financing may be available to borrowers for cottage properties that qualify. Mortgage agents, such as those at Mortgage Medics, can help to show you how to use the equity in your primary residence to be able to finance a cottage property!

Need Help Getting Approved for a Vacation Home Mortgage?

At Mortgage Medics, they have access to a number of lenders all across the country who will help you get approved for a mortgage to get you that cottage you desire. Making memories in cottage country is closer than you think, with low interest rate financing available on many mortgage packages. They will sit down with you to discuss your finances, goals and give you advice on closing and carrying costs. Visit MortgageMedics.ca today to finally become a cottage owner!  Call (905) 847-6611– a medic is standing by!

Buy A Home In Toronto – Even With With Bad Credit!

Owning property is something that many people dream about and strive for in Canada. Buying a house can be a wonderful way to award yourself after years of hard work and late evenings at the office. Unfortunately, many people cannot qualify for a mortgage because of bad credit and no savings. Sandstone Management has a neat way to make things easier for you – the option of a rent to own home.

With tighter mortgage restrictions in place, getting a bad credit mortgage to buy a house by can be very tricky if you have a bad credit rating or have nearly no savings. Luckily, rent to own is a great solution where a tenant rents a property with the intention to buy it at a pre-determined price at some point in the future. In contrast to just paying rent, a certain amount from each month’s rent goes towards building equity for your downpayment. This way, you can get into a house with a smaller down payment – usually around 5%.

The friendly experts at Sandstone sit down with you and discuss your financial situation and determine how much you can afford to comfortably pay each month.  You then get to shop for a home in your price range.  They will negotiate the price of the home, check it for structural soundness, defects, fair value and more.  You get to move in right away and can decorate or make upgrades to the home.  The future purchase price of the house will be fixed upon signing the rent to own agreement.

You make your regular monthly lease payments on time, and they help you to rebuild your credit. Rent to own is a great way to get your credit into a better shape so that you could apply for a loan later on. Once your lease period is over, they help you find a mortgage lender. If the market price of the house goes up during the lease period, you will gain from the appreciation – since you are buying it for a pre-set price.  So you can build equity in 2 ways before you even own the home: real estate appreciation and monthly installment payments.

Sandstone Management experts help you to find the best possible solution for rent to own homes in Toronto. You can choose your dream house and move in right away, while you build or repair your credit.

Opting for Rent to Own Homes in Newmarket

Rent to Own Programs – Helping People Become Home Owners

Owning a home is one of the largest investments that a person will make in their lifetime. Investing in real estate – whether for profit or as a prime residence – is one of the most sound methods of building equity and financial wealth, as well as developing security and a place to call home.

However, many Canadians struggle to meet the criteria necessary to own a home. The strict policies and rules involved in obtaining a mortgage in order to purchase a home can prove to be difficult for many who don’t qualify. Those who have a bruised credit, or haven’t accumulated enough of a down payment to be approved for a conventional mortgage may find themselves struggling to ever become homeowners.

The good news is that there are alternatives to the traditional method of becoming a homeowner. With a rent to own homes Newmarket program, you can essentially work your way to home ownership by “renting” a home, in which some portion of the monthly rent payments go towards building equity in the property. You  will have the option to purchase the home after a specified period of time at an agreed upon price when the rent to own contract comes to an end.  If home prices go up, any increase in value above your agreed upon price is additional equity you have earned on the home – before you even purchased it!  By paying your monthly payments on time, you can also improve your credit score to qualify for great mortgage rates when you do take over the home.

Why Wait to Own Your Dream Home?

You may be in a position where you simply don’t have the funds necessary for an adequate down payment, or the credit required to satisfy most conventional lenders. In these situations, many people choose to rent for years until they are financially capable to carrying a mortgage.

Why wait? With a reputable rent to own homes program, you can live in your dream home today! Start building equity in your home right away and enjoy the benefits of enjoying your very own home, while improving your credit with every monthly payment made towards the plan.

Let the Experts Help

One of the best lease to own programs is offered through Sandstone Management. They have the skills and the know-how to help you qualify and move into your very own home today. Their team of experts will analyze your specific situation, and help you become a ‘homeowner in training’ on your way to financial security. They will pre-qualify you so you can start looking for a home in your price range. With their home inspections, real estate knowledge and financing, they can help you avoid first time buyer mistakes and get you on the road to home ownership.

Call a member of Sandstone Management today at (905) 235-0841 and be a home owner sooner rather than later!  Learn more at: www.sandstonemanagement.ca.

 

Advantages of Rent to Own Homes Vaughan

Many Canadians hope to one day own a home of their very own, and have a piece of real estate that can be their family home as well as act as a sound investment to help gradually build wealth. However, many Canadians may not necessarily have the credit necessary to satisfy stringent lending criteria required by conventional lenders, nor do they have the adequate funds necessary touse as a down payment for a home – which usually runs about 20% of the home price.

So are these Canadians doomed to rent forever? Thanks to programs like Sandstone’s rent to own homes, this doesn’t have to be the case! With an effective rent to own program, a hopeful home buyer can essentially move into the home of their dreams, and a portion of the “rent” paid every month actually goes to toward building equity in the home, helping them to gradually work their way up to home ownership! By paying their rent on time each month, they can also help rebuild their credit.

What Are the Benefits to a Rent to Own Program?

• The advantages in finding rent to own homes in Ontario are numerous:
• Get the opportunity to eventually own a home that wouldn’t be possible under current mortgage regulations
• Turn some of your rent into an investment
• Prepare yourself for home ownership by living in the home you will be buying
• Have the time necessary to slowly rebuild and repair bad credit
• Build equity in the home through your monthly payments and any appreciation of the home value
• Avoid having to come up with a large lump sum of money for a traditional down payment – usually only 5% is required for rent to own.

Have the opportunity to lock into an agreed upon purchase price that may actually be less than the market value of the home at the end of the agreement, thus profiting from appreciation

Have the freedom and flexibility to walk away from the home without having to purchase it at the end of the contract term.

For those who may not be able to secure a mortgage the conventional way, a rent to own program provides the perfect opportunity to still makes the dream of home ownership a reality for many Canadians.

If you think that a rent to own program is right for you, contact the professionals at Sandstone Management to help you get started! Their team of experts will carefully analyze your unique financial situation and develop a plan of action to help you finally become a home owner with rent to own Vaughan, Newmarket, and areas in the GTA! Don’t hesitate – contact Sandstone Management today at 1-(877) 311-7671, or visit their website at: www.sandstonemanagement.ca.

Consolidate Your Bills and Save Money With an Equity Line of Credit!

Many people have outstanding debt in a variety of forms, such as mortgage on their home, car loans, student loans, credit cards bills, and so forth. Many times, these individual interest rates can be quite high, not to mention the fact that managing a variety of debt is a lot more work and more stressful than managing only one. If you have built up equity in your home, you can use a home equity line of credit to consolidate all your bills, and actually save time and money by having one monthly bill to pay at a much lower interest rate!

What is a Home Equity Line of Credit?
An equity line of credit is a low interest loan in which your home is used as collateral. If you have built up a certain amount of equity in your home over time, you can use that equity to pay off some major loans or outstanding debt. With an equity line of credit, you are given access to a certain amount – or a credit line, and only pay interest on the amount that you borrow. Many homeowners can use home equity credit lines for major things, like home renovations, education, and paying off other outstanding debt.

Using a Home Equity Line of Credit to Consolidate Your Debt and Improve your Financial Security

Consolidating your bills and debt is one of the major advantages of a credit line based on your home equity. Debt consolidation – or ‘refinancing’ – is becoming more and more popular. When homeowners discover that they are able to use their home equity to pay one bill instead of many at lower rates, it just makes sense to them to use this advantage. Imagine saving thousands of dollars in interest every month!

The equity in your home can be used to consolidate high interest loans. With the help of a mortgage broker, you can get a home equity line of credit or top up your existing mortgage with a mortgage refinance. Either way, you can use the lower interest loan to pay all your bills and debts, and lower your monthly obligations. Another form of secured debt is a home equity loan, where you get the full loan amount at once. Your mortgage expert can help you determine which secured home loan is the best for your needs.
Now is a great time to opt for this type of plan, with rates in Canada at record lows. By establishing an equity line of credit, you can improve your cash flow by lowering your interest expenses, have access to liquid cash for unexpected emergency expenses, and improve your credit by consolidating all your debt into one monthly payment at a lower overall interest rate. Your credit score will improve when you pay off many unsecured credit cards and other loans.

The best way to obtain an equity line of credit is by getting an independent mortgage broker to do the work for you. By using a mortgage broker instead of a bank, you will have the advantage of having the broker shop around for the best rates and terms for your needs. The mortgage broker will negotiate on your behalf for the most flexible payment terms, payment schedules, and lowest rates.

What to Look for When Shopping for a Home Equity Line of Credit

You should look for a plan that best suits your individual needs. Analyze the terms and conditions of all the plans, including the annual percentage rate and the costs of establishing that particular plan.

Lines of credit on your home equity generally involve variable interest rates, instead of fixed rates. This means that the interest rate on the line of credit can fluctuate and change. Variable rate plans secured on a home should be capped on how much your interest rate can increase over the life of the plan.

There is a lot that goes into looking for that perfect equity plan. This is why employing the expertise of a mortgage broker works in your favour. They will get to know your specific needs, and will shop around for the best plan for you. The best part is- this service is of no cost to you!

Buying Your Dream Home in Lethbridge

Getting a Mortgage For Your Lethbridge Home

There are many reasons why many Canadians like to call Alberta home.  It’s got wondrous natural beauty, plenty of career opportunities, and it’s simply a great place to raise a family. There are plenty of great communities in this province, including Medicine Hat, Red Deer and Lethbridge. If you are looking to buy a home in the Lethbridge area, teaming up with a knowledgeable and experienced independent mortgage broker Lethbridge is one of your first steps.

How Independent Brokers Can Help

Considering the magnitude of buying a home, it’s essential that you have all your finances worked out first, in order to ensure that you are not entering into a deal that you can’t handle. Not only that, but having the mortgage and property purchase processes explained to you in terms you can understand puts you in a much better position to make an informed decision.

Working For You – Not the Bank

Dealing with an independent mortgage broker in the Lethbridge area, like Jim Black of Mortgage Loans Alberta, will help you get the mortgage you need to buy the home you have your eye on. They will sit down with you and take the time necessary to fully understand your financial position, and help point you in the right direction.  While the lowest mortgage interest rate is very important, the terms and conditions can make a mortgage more expensive if you aren%u2019t aware of how they can affect you going forward. Since an independent mortgage broker works for you – and not the bank %u2013 they can provide you with an unbiased opinion regarding your home loan.

Get Approved

Banks have very stringent criteria that they expect their mortgage applicants to meet before they put a stamp of approval on their application. Yet many Canadians don’t qualify, making it very difficult to secure a mortgage for their Lethbridge home. However, there are lenders that have less stringent criteria, or that specialize in hard to place mortgages. Jim Black and his team at Mortgage Loans Alberta will go to great lengths to find the lender that’s right for you.

Whether you are self-employed, have a history of financial problems, have poor credit rating, or don’t have an adequate down payment, Jim Black can help you find a solution. Call Mortgage Loans Alberta today at (877) 394-9422 and get the mortgage process started right away!

Advice on Getting a Home Line of Credit

Home Equity – Helping You Pay Off Life’s Big Expenses

If you find yourself in a position where you need a large lump sum of money, the equity in your home – which is built up over time by paying towards your mortgage every month – can be accessed for a secured low rate loan. The equity in your home is essentially the amount of value put in your home through regular mortgage payments, as well as the natural increase in value of your property over time.

What is Home Equity and What Can I Use it For?

The difference between the current market value of your home and the amount still owed to the lender is essentially your home equity. By accessing this equity, you can use the funds to pay for many things, such as your child’s educational tuition, a home renovation, rising debt, a car, or an emergency expense that has suddenly come up. Whatever your reason, a home line of credit against the equity in your home can be your best bet for a low interest loan, if you qualify.

Mortgage Brokers Can Help You Access the Home Equity You Need

Sometimes life throws you curve balls, or simply doesn’t give you the time you need to build up that sum of money you need to pay for something big. Or perhaps you have large amounts of debt that you would like to pay off sooner in order to save on the thousands of dollars in interest that you are paying every month on high interest, unsecured loans.

Home equity lines of credit, or home equity loans, carry higher interest rates than a first mortgage loan, but these rates are still typically much lower than most unsecured loan rates, like credit cards. Since you want to keep interest payments low, a home line of credit can be just the thing you need to help pay for life’s big expenses.

If this sounds like a solution that could be right for you, contact Lee Anne Taylor of Home Loans Ontario. Lee Anne is an independent mortgage expert who has plenty of experience and lenders who can finance your debt consolidation or big purchase. She will sit down with you to help you figure out if a home equity line of credit is right for you. Contact her team today for a home equity loan Burlington or other areas of Greater Toronto and Greater Hamilton. Call (905) 336-8948 and learn your financing options using the equity in your home.

Prepare for the Future with Rent to Own Homes

The majority of individuals spend their 20’s finishing up school, working their way up in their chosen profession and trying to build up a reasonable savings account. Some are starting families and trying to find that perfect home to grow in. With dreams of working in a desired field and owning a home, sometimes the little things can set you back. If you can relate to anything on this list, you could have a problem being approved for a traditional mortgage:

 

• Bad credit
• No credit
• No assets
• Not enough money for a standard 20% down payment
• Have no proof of income
• Are new to Canada
• Have declared bankruptcy in the past
• Are self employed

There are millions of people who accept defeat at the hand of the banks and lenders who deny them access to a loan and therefore continue to live in apartments. In less than a year, you can end up handing your landlord the cost of a down payment in rent without any gain for yourself. Don’t waste your money when you can be working towards home ownership. The real estate market relies on people consistently buying and selling property and in order to access a wider population, certain financial options are available. You could be on your way to owning your very own home in no time with the lease to own home option.

A professional real estate investment company can assist you with figuring out how much money you can comfortably afford and the appropriate home price for you. They will then help you find the ideal home and take part in the process of inspection to make sure there are no structural defects. They will then determine a fair market value for your home and arrange the purchase. With the cost of a small down payment (usually 5%) and affordable monthly payments for a fixed period – you are on your way to owning a home.

During this fixed period, which typically lasts 1 to 5 years, a portion of your monthly payments will go towards your equity. A mortgage expert will assist you in optimizing your credit over the lease period so that you will be able to qualify at the end of the lease period. Once the lease period is over, you will be able remain in your home – but as an owner instead of a renter.

The advantage to this process is that since the price is arranged before you enter in to your payment period, you benefit from any increase in market value or work that you complete on the house that increases its value. You get to live in the home before you purchase it and can get used to the neighborhood in which you plan to live. You work on building / rebuilding your credit during the lease period by making payments on time and are building equity before you even own the asset.

It is easy to say “one more year” or “I’ll think about it” but in reality, you are hemorrhaging money if you are renting without the rent to own option. Why wait when you can be on your way to a better financial situation and own a major asset sooner. The time to act is when interest rates are low and home prices continue to rise. Be sure to only deal with a professional rent to own homes company today to find out how you can achieve your goals sooner. Prepare for the future now and you will happy you did.

Taking Advantage of Montreal Lease Purchase Homes

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 you 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!