Frequently Asked Questions and
TOP 10 Reasons YOU should Lease To Own
1. Easy to qualify.
Qualifying for our Lease To Own program is quick and simple plus there’s no need to worry if your credit is scratched and dented (Less than perfect).2. Build personal wealth.
The easiest way to build wealth in Canada is to own your own home and build a solid future for your family.3. Minimal down payment.
No need to for $25,000... Typically $5,000 is all you need to start on your way to home ownership.4. NO CLOSING COSTS.
We make it as simple and easy as possible, including paying your closing costs for you when you first move in.5. Improve your credit.
Not everyone has perfect credit... GoRentFreeFast.com provides a credit counsellor/mortgage broker for the entire time you lease your home. Our aim is to groom your credit to dramatically increase your credit score so at the time of purchase your score is polished.6. Fixed monthly payments.
Rent can rise... take comfort in knowing your home ownership payments are fixed7. You can make building changes.
You can treat the home as if you own it, because that's the plan!8. Make youR lease payments an investment.
When you pay rent you don’t own anything... with Lease To Own you increase your ownership with each payment9. Pride of ownership.
You, like your new neighbours are OWNERS, building your community.10. You Choose your home off MLS.
You pick where and what you want, we negotiate and purchase on your behalf.Your questions answered...
What happens if I have really bad credit?Don’t worry, most of our couples do not currently qualify for a mortgage, this is why we have a credit counsellor and mortgage broker work with you to groom your credit while you lease.
What happens to our deposit?
The deposit you place on the property initially is deducted from the purchase price at the end of term ( two or three years)
How much of our monthly payments goes towards our purchase price?
Typically around a full 20% of your monthly payments go towards your eventual purchase price... like a monthly savings plan.
How long are your lease terms?
Usually only two or three years.
Who pays for regular maintenance?
Just like regular homeowners you are responsible for all repairs and any changes you wish to make to the property to improve it or to add your personal details.
Are property taxes included in my monthly payment?
Yes – all taxes and property insurance is covered in your monthly payments... you will want to get content insurance however.
Will I know the eventual purchase price before I sign a lease?
Absolutely!! ALL prices, costs and responsibilities etc. are clearly stated in all our documentation... we at GoRentFreeFast operate under a philosophy of ‘transparent business’; Everything is clear, communicated, stated and shared... no surprises.
Can I choose my own home?
Yes – Pick YOUR home from the MLS listing like everyone else... you work with one of our realtors to choose a listed house... have you already seen one you like?