Rent-To-Own

  • Having trouble getting finance ?
  • Do you have a bad credit?
  • Less money for down payment?
  • Do you desire to stop renting?
Full fill your Dream of Home ownership sooner than you imagined with Rent-To-Own program! DON’T WAIT ..

As a mortgage professional, my role is to advise clients of any opportunities or options that might be available when it comes to your mortgage and personal finances.

Rent-To-Own is one of the great programs I would like to introduce. Yes! You can own your dream home ‘Without Bank Qualifying’. What’s more?

Rent to own is an affordable way for down-payment or credit challenged homebuyers to buy a home when they cannot get a mortgage through a bank or can’t afford the expenses of a private mortgage. Works great for those that are coming off of a bankruptcy, consumer proposal, divorce or are new to the country or self-employed.

How does it work?

Under Rent to own program you choose a property of your own choice and you rent the same property for 2 or 3 years or agreed upon term. You then buy back the same property at the end of the term at an agreed upon price. If you are paying low down payment upfront then the rental agreement would be designed in a way that a part of it is credited towards the down payment in equal instalments so that at the end of the term you have at least accumulated 10% down payment.

What happens at the end of the term?

At the at end of the term you would have accumulated approx 10% down payment and during the term you would have an opportunity to fix your credit. With these 2 positives it becomes easier to go to a bank to get a mortgage for the balance amount from A lenders.

Is there an agreement in place?

There are two agreements between  you and the investor

Rental/ Lease agreement: that you are going to rent that property for an agreed term and rent.

Purchase agreement: This agreement states that you have an option to purchase the unit at a set price at the end of the term.

Should I take a legal advice?

It is recommended that you take an ILA (independent legal advice) and have the lawyer review the documents.

We’ve helped lot of customers under this program to move into there own homes proudly.

 

Don’t wait contact me NOW for a FREE consultation.!!

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Testimonials

  • "Thorough and professional.. as a first time home buyer I’m glad to have worked with Gogi. There were no last minute surprises. Even the lawyer and the real estate agent agree it was a seamless transaction"
    Dayo Adeboye
  • "Very knowledgeable in terms of helping people to get and find their new house, he will assist you from step one to the last, Gogi, we’re so grateful to have you, and without your help, they’ve be no way... Thanks for all your help!"
    Ligaya Ferrer
  • Thank you Gogi Luthra for going that extra mile for my family to get into our 1st home, what was almost impossible you made happen ! Looking forward to future business with you. Cheers The Crosato Family
    Joe Crosato
  • My experience with Gogi was great. He is extremely knowledgeable and did his best to address our mortgage concerns as well as concerns we had as first time homebuyers. He was available to answer our questions in the best of his ability. As a first time homebuyer we feel absolutely secure with our purchase. Gogi made us aware of the rules, regulations and financial obligation and provided us with insightful advice for moving forward. He was dedicated to getting the best rate and offered mortgage solutions for us who were in a more complicated circumstances. I am truly impressed. We didn't feel like a client and was able to trust and feel secure in our decision. He is very professional and was so patient with us in explaining anything no matter how big or small. Thank you again for all your hard work and the outstanding service you provided
    Kathy Lumanlan
  • I was new to Canada and was buying my first home. While banks insisted for a 20% down payment, Gogi ji helped me to get an approval within hours from prestigious banks with just 5% down. That too, with very low interest rates. He was so kind to get all the paper work done at my door steps even though he lived very far from my place. He has been a great adviser all through the mortgage process. I am really impressed with his service and I highly recommend people to contact him for all their mortgage needs.
    Mohan Rao
  • We were looking for a home our budget was not very big and we didn’t know what to do about getting a mortgage. But after meeting Gogi Luthra We we’re able to get our home with the full help of Gogi. He help us to get what we wanted at the right price he was there guiding us and helping us fully all the way. I would recommend Gogi to all my friends and Anyone that is looking or having small problems buying a home. He KNOWS ALL THE INS AND OUT OF GETTING YOU WHAT YOU WANT.
    Byron Levi
  • We were new to Canada and thought to buy our new home in Mississauga, which we felt next to impossible being so new to Canada. We were fortunate to meet Gogi when everything started turning positive on our way. He had done a detailed analysis of our financial status. As the credit history was not even 1 year old, we were on our probation period of our jobs, which made the mortgage process more complex. That was the time when Gogi ji had given a sincere advice and we sailed through complete process easily. There were times when due to bidding pressure we wanted to commit to seller without bank conditions. But Gogi always insisted not to do so as he cared for our investments & funds not to go waste in case the home mortgage don't get approved. We remember when we finalized our home at late midnight and contacted Gogi, he was on his job from that moment itself, he emailed to concerned financial institution and got the mortgage sanctioned next day at a very good interest rate all due to this pro activeness. Gogi is honest, knowledgeable and transparent with all the process. With all these experiences and positive impressions we wish Gogi a great future ! We recommend and refer all our friends & family to contact Gogi Luthra for all of their mortgage needs.
    Saurabh Awasthi

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