Francine and Charlie White do very well for themselves through their office supply business.  They have always rented their home because their stated income is much lower that what they bring in through their business. Their business pays for their clothing, car, rent, and much more. 

They were interested in taking advantage of house prices and purchase their first home.  Unfortunately their tax accountant has done such a good job at lowering their reported income, that they cannot get approved for a mortgage. 

After some initial discussions and support around financing, they are well on their way to home ownership through a customized rent to own program.

Are you a business owner that has had trouble obtaining a mortgage?  If you are then a customized Rent to Own program may be right for you.

Manny and Anna Tampipi had immigrated to Canada for a better life.  They were looking for better job opportunities and a higher standard of living for themselves and their two children Bryan and Jennifer.  The Tampipi’s uprooted all that they knew in order to make the long journey to Canada.  They survived the trails and tribulations of becoming a Canadian Citizen with the assistance of family and friends, both here and abroad.  That was four years ago and the Tampipi family has never looked back since that date.

Manny worked at a number of part time jobs before he landed a full time job as a maintenance worker in the hotel industry.  Anna went back to school in order to get her nursing degree and worked part-time in a number of different hospitals.  She is still searching for a full time position, but knows that the province is in need of her skills. 

After initially staying with friends of the family, they rented a small townhouse in Scarborough for the last few years.  Not having a Canadian Credit History made it difficult for the Tampipi family to qualify for a mortgage.  The Tampipi family knew that they wanted to become homeowners and not waste their rent money, but they did not know how to move forward.   They Tampini’s completed an application form and are now well on their way to home ownership.

Can you relate to the Tampipi family?  If you can, then a Rent to Own program may be right for you as well.

Many hardworking people in Pickering, Ajax, and Whitby have had problems with a past debt and cannot qualify for a mortgage.  We understand that our clients may have had a past bankruptcy or bad credit, but you still have a good income.  It takes time to rebuild that credit history in order to get a mortgage from the banks. 

Many Canadians and recent immigrants have no credit history at all.  It takes time to build a positive credit history in order to qualify for a mortgage through the banks.

We work with business owners and understand your specific needs and the difficulties that you have obtaining a mortgage.

Once you become a client you will have time to work on building a positive credit history.  As our client, we also become one of your credit references.

We want you to enjoy the benefits of choosing the home that you would like to live in. 

• The Rent to Own program is made up of two separate contracts a Standard Lease Agreement and the Purchase Option Agreement
• The Purchase Option Agreement gives you the exclusive rights to purchase the home at an agreed price. This is based on the current value of the house.
• The length of the program is 1-3 years, but this depends on the client.
• You will pay an occupant fee and all utilities on the property.
• Each month you will earn Non-Refundable Purchase Option Credits if all terms of the lease agreement are fulfilled and are applied to the Purchase Option.