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Become a Home Owner Despite Your Bad Credit

Posted by samanthas on November 11, 2013 in Business, Home Living Tips with No Comments


Is Your Bad Credit History Holding You Back From Becoming a Home Owner?

It seems that mortgage stipulations from traditional lenders are becoming stricter, following the guidelines set by the Bank of Canada. These days it can be almost impossible to get approved for a mortgage if you don’t have a perfect credit score and an abundance of liquid cash to put towards a down payment. In essence, becoming a home owner with bad credit is nearly impossible when going about it the traditional ways through banks or credit unions.

bad credit mortgage MontrealSo what is one to do if you’ve got a poor credit rating and are serious about buying a home and in need of a bad credit mortgage Montreal? The answer is simple. Enlist the help of a team of experts who specialize in helping those with poor credit finally realize their dreams of becoming home owners.

Muxaro is a local, Montreal based company that specializes in helping people with bad credit become home owners. At Muxaro, they’re in the business of not only helping Quebecers buy a home, but also to improve their home buyers’ credit rating!

Muxaro has gathered a team of experts in every realm of the home buying sector, including real estate brokers, mortgage brokers, and financial experts.  They will help you determine the price point of a home you can afford so you will be able to comfortably make monthly payments. In particular, they specialize in rent to own programs, where bad credit is rarely an issue and no large lump sum of money is needed to put towards a hefty down payment.  You will, however, need a deposit and good income.

Instead of just paying rent to a landlord, a rent to own home program helps you to put a portion of your monthly “rent” payments towards building equity in your home! As you slowly build equity, you’ll also be repairing your credit rating at the same time.

Their mortgage experts will help you come up with a payment system that will help you reduce your overall debt and improve your credit score during the lease period. Once your “lease” period is over, you have the option to buy the home at a pre-agreed upon price, using your improved credit score and accumulated savings towards the down payment.  If the value of the home increases above the agreed upon price, you will gained equity in your home before you even buy it!

Call or go online today at Muxaro.ca to find out more about how their team of experts can help you become a home owner in Greater Montreal!  Call (514) 225-6706 to get started on the path to home ownership and financial security.

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