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Blog by Linda M Linfoot

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Rent to Own

Dreaming Of Owning Your Home And Tired of Wasting Money On Rent? 

Many of us dream of home ownership as a status of adulthood or achievement.  However, in combination of the 2008 global recession and ever-changing mortgage lending policies, qualifying for financing seems to be harder than ever. 
Goda Properties offers a way to make that transformation less painful by bridging the gap between renting a property and Owning that property.    

Who Will Benefit From A Rent To Own Purchase? 

  • People who have experienced professional extinction;
  • Past bankruptcy or debt consolidation (aka consumer proposals);
  • No credit establishment;
  • Divorce which has bruised your credit;
  • A new business start-up or self-employed;
  • Failing to file/pay income tax in the past;
  • New to Canada;
  • Good steady income but less than 5% down payment + closing costs.

The Benefits Of Our Rent To Own Program
Selection
The Rent To Own program offers you the experience of shopping and choosing your future home. 
After qualifying for the program, you will be shown potential homes that you can own. 

Occupancy
After selecting your home and being approved, you will move straight into your home and start nesting right away.   As long as you live up to your responsibilities, you will not have to leave the property and you can feel comfortable knowing that home ownership is right around the corner.

Accumulated Monthly Credits
Every time you pay rent on time, you will earn a monthly amount that will be credited towards your final down-payment. 
This is a built-in savings plan that rewards accountability and makes your monthly living costs AND saving for a down-payment much more feasible. 

Locked-in Purchase Price
As a renter, you probably wonder if prices will be more expensive in the future that will knock you out of the running.  
Goda's Rent To Own program locks in the future purchase price, meaning you hedge your bets against rising prices if they do rise you will have instant equity!


Early Purchase Options - No Penalties
Have the flexibility of being able to purchase the property at any time throughout the lease without penalty.
Should circumstances change allowing to buy the property early, you will save money by qualifying for your own mortgage early.
Call me today and become a Home Owner!!