Welcome to New Beginnings
At MB Rent 2 Own, we understand the challenges faced when trying to obtain a mortgage. The pressure, the stress and sleepless nights that follow, largely due to reasons beyond your control.
We have a solution in making this dream of home ownership come true. By following our Rent 2 Own Program we can help you become a proud homeowner with value, both personally and financially.
Start building your foundation with us today and become grounded with our Rent 2 Own Solution today!
What is Rent to Own?
The tenant/buyer pays monthly rent to the landlord/seller.
Each month a portion of the rent is applied to the purchase price.
At the beginning of the contract the purchase price is agreed upon.
At the end of the contract period, the deposit and monthly credits are applied to the purchase price when our mortgage broker helps you qualify for a mortgage.
ADVANTAGES of RENT to OWN
There are many benefits of a rent to own! Here are just a few…
- Minimum Cash Required!
- When you purchase a home the conventional way, you are required to pay a down payment of at least 5%, closing costs, land transfer tax, legal fees and property taxes.
- With our Rent to Own program, you can get started for as little as 2.5% of the purchase price down!
- And no closing costs or legal fees
- And no land transfer tax
- And not even any property taxes while you’re on the program
With Rent 2 Own MB, the renters can have a wide variety of credit histories. Qualification restrictions are not as strict as the banks. You will be approved at the sole discretion of the landlord/seller.
Leasing to own your home will give you the time you need to
♦ Build a work history.
♦ Repair your credit.
♦ Save up a down payment.
♦ Find the best financing available.
While you are renting, the landlord/seller will carry the mortgage for you. All you need to qualify is
♦ A credit report,
♦ A good job to support the payments,
♦ A small down payment