Now Operating in Alberta and Manitoba
Welcome to New Beginnings
At MB Rent 2 Own, we understand the challenges faced when trying to obtain a mortgage. The pressure, the stress and sleepless nights that follow, largely due to reasons beyond your control.
We have a solution for families looking to Rent to Own homes in Manitoba and looking for Rent to Own homes in Alberta. We help to make the dream of home ownership come true. By following our Rent to Own Program we can help you become a proud homeowner with value, both personally and financially.
Start building your foundation with us and become grounded with our Rent to Own Solution today!
HOMEWARD BOUND
What is Rent to Own?
A rent to own contract is a document that allows for an agreed upon monthly option payment to be applied to the purchase price of your own home.
The tenant/buyer pays monthly rent to the landlord/seller.
Each month a portion of the rent is applied to the purchase price.
At the beginning of the contract the purchase price is agreed upon.
At the end of the contract period, the deposit and monthly credits are applied to the purchase price when our mortgage broker helps you qualify for a mortgage.
ADVANTAGES of RENT to OWN
There are many benefits of a rent to own! Here are just a few…
- Minimum Cash Required!
- When you purchase a home the conventional way, you are required to pay a down payment of at least 5%, closing costs, land transfer tax, legal fees and property taxes.
- With our Rent to Own program, you can get started for as little as 3% of the purchase price down!
- No closing costs, legal fees, land transfer tax while you are in the program
- We pay the property taxes while you are on the program
Credit Challenges…
NO PROBLEM!
With MB Rent 2 Own, the renters can have a wide variety of credit histories. Qualification restrictions are not as strict as the banks. You will be approved at the discretion of the landlord/seller and credit advisor.
Leasing to own your home will give you the time you need to
♦ Build a work history.
♦ Repair your credit.
♦ Save up a down payment.
♦ Find the best financing available.
No Bank Loans or Mortgages Required!
♦ A credit report,
♦ A good job to support the payments,
♦ A small down payment
♦ Be willing to work with our Financial Advisor