RENT TO OWN | FREE INFORMATION SESSION
Learn to own your dream home with minimal down payment! Free session on tips, programs, and financing. Sign up now!
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Location
50 Village Centre Pl
50 Village Centre Place SUITE 100 Mississauga, ON L4Z 1V9 CanadaAbout this event
Learn How to Own Your Dream Home Without a Huge Down Payment!
Event Overview:
Are you dreaming of owning a home but feeling held back by the idea of a large down payment? Join us for a free info session where we’ll share valuable insights and strategies to help you achieve homeownership sooner than you think!
What You’ll Learn:
- The secrets to owning a home with minimal upfront costs.
- Government programs, grants, and incentives available for first-time homebuyers.
- Alternative financing options to help you get into your dream home faster.
- Tips to improve your credit score and secure better mortgage rates.
- Real-life success stories and actionable steps to start your journey today.
Who Should Attend:
- First-time homebuyers looking to break into the market.
- Families or individuals who want to understand the home-buying process.
- Anyone seeking practical advice on affordable homeownership.
Why Attend?
This info session is packed with expert advice, actionable tips, and the opportunity to ask questions directly to professionals in the real estate and mortgage industry.
Take the first step toward owning your dream home today!
Frequently asked questions
First-time homebuyers or anyone looking to own a home with minimal upfront costs.
Yes, the info session is completely free to attend.
Yes, we'll cover various financing options, including government programs and incentives.
The session will last approximately 1 hour, including a Q&A segment.
Rent-to-Own allows you to lease a property with the option to purchase it after a specified period. A portion of your rent payments goes toward your future down payment, helping you build equity while living in the home.
Most agreements require an initial option fee, typically 2-5% of the home's purchase price. This fee is credited toward the final purchase price.
If you choose not to buy, you may forfeit the option fee and any rent credits accrued. It's important to fully understand the terms of your agreement.
Rent-to-Own programs often include a timeline for improving your credit and financial situation. You'll have the lease period to work on qualifying for a mortgage with the support of financial advisors.
Risks include: Forfeiting payments if you don't buy the home. Potential loss if the home's market value decreases. Being locked into specific terms that may not suit future needs.
Responsibilities vary depending on the agreement. Some contracts require the tenant-buyer to handle minor repairs, while the seller covers major ones.
The purchase price is typically set at the beginning of the agreement, based on the home's current market value and projected appreciation.
If the market value rises, you benefit from buying at the pre-agreed price. If it drops, you may have the option to walk away (depending on the terms), though you might lose your payments.
Customizations are usually limited to cosmetic changes unless specified otherwise in the agreement. Structural renovations often require the owner’s approval.
Rent-to-Own agreements are often available for single-family homes, townhouses, and condos, but the options depend on the program and market availability.