Ontario Oakville.ca

Montreal is the second largest city and “cultural capital” of Canada. This metropolis has always been one of the hot spots for home owners due to its Canadian charm and European style. With its distinctly unique neighborhoods and solid real estate market, who wants to commute to the city when living in downtown Montreal offers so many benefits..

For those of you with dreams of living in the city, don’t let mortgage brokers get you down. If you have bad credit, no credit, insufficient funds for a down payment, are new to Canada, or are self-employed – there are options for you. Don’t waste your hard earned cash on paying rent; look into the opportunities that rent to own homes can offer.

Muxaro, a Montreal rent to own homes company, makes it easier for you to become a first time home owner with their beneficial rent to own program.  A representative will meet with you to assess your financial situation and determining how much you can afford to spend on a home.  Generally, you need a good job and at least 5% deposit.  If you qualify, they can help you find the right house for your budget. They will then assist you with avoiding first time buyer mistakes and weed out any potential structural flaws, assess the market value and negotiate with the seller. You will pay a small down payment; much less than the traditional 20% that lenders require. For a short fixed period, usually between 1 – 3 years, you will pay an affordable monthly lease as you build equity and improve your current credit score. After the leasing period is up, you can apply for a mortgage on the house for the predetermined price. Any fluctuations in the market or work you put into the house will become your gain, in addition to a portion of your monthly lease which goes towards your equity.

Montreal rent to own homes are ideal for those who are purchasing their first homes or who have bad credit in the past. As banks and lenders tighten their grip on who they give loans to, it is getting to be more difficult to enterthe real estate market. Lease option to buy homes offer security and are the quicker, easier way to make the leap from renting to owning.

Don’t waste your time and money renting with no gain. You can start the life you want now, gain an asset, and repair your credit for a more financially secure future. Call Muxaro at (514) 225-6706and be on your way to discovering the options that are available to help you get the home you always wanted.