How do I qualify for this program?
- Your combined gross annual income meets the requirement for the home you wish to buy
- You have or nearly have the 3% option consideration payment amount;
- You fill out the application thoroughly and honestly; don’t hesitate to contact us if you don’t understand some questions or simply want us to walk you though it
- Your application is successful if you meet our criteria;
- (since we are not like the banks, we have more reasonable criteria for you to qualify);
- We meet and answer any questions;
- You decide if you want to pursue the next steps to get into your dream home and let us know.
How expensive of a home can I buy?
This all depends on the your particular situation. Complete out our questionnaire, By this way we are able to find the best solution that will work for you.
How do I know if I have enough income to afford the monthly payment?
In Edmonton area, it is about $70,000 annual GROSS income.
Can I sublease or rent part of my home during the lease?
No. As part of the lease, subletting isn’t allowed during the time in which we are working together. This is in order to make sure you wouldn’t be held liable when things go wrong because of someone else.
What are my options if I don’t have the initial payment but can afford the monthly payments?
There are a couple of options:
- Save it and contact us when you have it.
- Sell off one or more of your toys, vehicles, etc.
- If you almost have it, offer something as collateral for the rest.
If I am new to the country or if I am self-employed can I still Rent-to-Own?
Our Rent-to-Own program is perfect for recent immigrants or self-employed individuals who can’t get bank financing.
Can I still qualify with bad credit?
Yes you can. We have an amazing Rent to own Program. As long as you are willing, our team of qualified experts will work with you to get your credit back on track.
Can I paint the walls?
Yes, minor upgrades are generally permitted to increase the value of the home. Remember you are not yet the owner so any repairs must be agreed to between yourself and us as the current owners.
Who pays the mortgage, property taxes and insurance?
We do.
Am I responsible for the utilities?
Yes this includes heat, electricity, water and sewer, cable, phone, internet and personal contents insurance just as you would rent or owning any home.
Am I allowed children and pets?
Absolutely, yes and yes. We very much want to help families along with anyone else who qualifies for our program.
What if I have a bankruptcy in my financial history?
If the bankruptcy is discharged, we will work with you to help you regain your credit through our RTO Program and thereby help you qualify for a mortgage.
What if I just changed jobs?
As long as you are able demonstrate a history of commitment to being employed and can keep up the monthly payments this is OK.