#205, 1405 St. Paul Street
Kelowna, BC, V1Y2E4
Homeownership is closer than you think!
Want to own a home but don’t meet the criteria to qualify for a traditional mortgage?
Homeownership is the dream for many of us here in Kelowna, yet for a some of us it’s feels just beyond our reach.
Maybe you’re a first time home buyer, or maybe you’ve had your credit destroyed in your younger days and have had trouble bouncing back. Or maybe you’ve never even owned a credit card – you pay your bills all the time with cash. How about if you just moved to Canada and are able to afford a down payment but the bank won’t let you qualify for a mortgage without having credit history in Canada?
There are so many reasons why the big banks will not lend to good and hard-working people and having them say “no” can make it feel like all hope is lost… that the dream of owning a place to call “home” is no longer possible.
That’s where to Rent To Own comes in.
So what is Rent To Own, exactly? It’s is a way to get your dream home without relying on the big banks. It allows you to live in your dream home today (to enjoy all the benefits that come with home ownership) all while working on your action plan to save up the additional down payment or to repair (or establish) your credit.
In fact, Rent To Own should be considered the step to take towards unlocking and attaining conventional financing through the banks down the road!
So why would someone need to use a Rent To Own strategy to purchase a home in Kelowna? Well, many people are denied the opportunity of OWNING their own home because they do not fit the so-called “credit box” of most banks or mortgage companies today. It’s not that the banking institutions are evil or out to get you, the problem is that most banks or mortgage companies are just NOT interested in providing you with the necessary “education” to become eligible for a mortgage – because that is NOT the business they are in! Banks are in the “lending” business.
Thankfully, with a little extra work and a little extra time, you can fit their “credit box”!
Am I Eligable For Rent To Own? Click to find out now
So who is Rent To Own a good fit for?
There are quite a few types of people that can be denied a mortgage – In fact, some of the top reasons why you may not qualify for a mortgage with a bank or mortgage company, and who the Rent To Own strategy tends to be a great fit for are those who:
- have slightly bruised or blemished credit.
- have paid cash and never established credit (or are new to Canada).
- do not enough down payment.
- are self employed.
- have previous bankruptcy.
- are recently divorced.
- have fallen victim to identity theft.
If you can’t qualify for a mortgage for any of the reasons listed above it doesn’t make you a bad person or a failure! These things can happen to anyone – and thankfully Rent To Own allows you to fix your situation. All it takes is a little extra work, the right guidance, a determination to succeed, and short-term focus on your education (as in learning from a mentor on how banks and mortgages work).
That’s where my team and I come in.
The rent to own strategy can be an extremely powerful financing option, especially for people who feel like they are at a disadvantage. The key to making this strategy work for you is by aligning yourself with the right seller, the right teacher, and at the right time.
We’re uniquely different because our mission is to make home ownership a win for you, a win for the seller, and for our team – to create ethical and real solutions for hard working Canadians. This is a large part of the reason why our success rate with Rent To Own is 97% in an industry where the average success rate is 50%!
Hold up – Let that stat settle with you for a moment.
If you try to pursue Rent To Own with the wrong team you only have a 50% chance of success. This is a terrifying rate, one where you’re essentially gambling your future on the flip of a coin. As a result of seeing this shocking trend we developed proprietary methods for all of our Rent To Own projects. We understand that each situation and each person that pursues Rent To Own is unique, and as a result we work to create a custom-made ‘roadmap for success” based on your wants, needs, and goals. We also make sure to provide you access to our superior credit coaches who will be with you on every step of this journey – coaching you along each of your milestones so that you can actually reclaim your credit and unlock even more opportunities.
So if you want to own a home but the banks or mortgage companies are saying “NO”, click here to fill out the Rent To Own Eligibility Application to see if our ‘roadmap to homeownership’ can work for YOU!