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Become a Homeowner in Montreal – Even with Bad Credit

Posted by samanthas on July 20, 2012 in Home Living Tips, oakville ontario with No Comments


If you’ve been dreaming of owning a home in Montreal, only to be crushed by the fact that you’ve been turned down for a mortgage from your bank, there is hope. There are options for Canadians who have been unable to secure a traditional mortgage, whether it’s because they have a bad credit score, or have been bankrupt in the past, or have had other financial trouble in the past. At Muxaro, our team of professionals can help make you a homeowner and enable you to buy a home in Montreal even with bad credit.

Rent to Own Programs

For those who have found it difficult to buy a home with a traditional mortgage and large down payment, rent to own programs are a viable option. Rent to own homes is a way to get into your dream home now and start rebuilding your credit.  to help make homeowners of these Canadians. Muxaro is made up of a team of professionals that will help in every aspect of the home buying process. You’ll have experts help determine how much you can afford, then you go looking for your dream home within your budget.  They negotiate a fair price and inspect it to ensure it is adequate and safe to occupy. You’ll have experienced people acting on your behalf, to avoid first time home buyer’s mistakes.  They walk you through, step by step, and help you move into your dream home with a minimal down payment – usually around 5%.

Rent to own programs consists of a contract between the property owner and the purchaser, where a time limit is stated, as well as the agreed upon purchase price of the home at the end of the contract should the buyer decide to purchase the property. You can move in right away, make monthly payments that partially go towards your down payment and equity, and you can begin building equity and finally be a homeowner.

When you enter the lease to own program with the help of Muxaro experts, you can begin repairing your credit sore with each payment you make towards your home. When the ‘lease’ period is over and you have decided to buy the house, the mortgage experts can help you arrange a mortgage that you can afford. If the agreed upon purchase price is less than the current appraised value, this is to your benefit! You will have increased equity from the rise in home prices as well as your monthly payments, and a better credit score.

Call the experts at Muxaro at (514) 225-6706 or toll free at 1 (877) 825-1706 and let their team of professionals help you every step of the way to buy Montreal home bad credit.

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