Welcome to our Frequently Asked Questions Section. Please select a section below to browse through the questions.
Rent To Own
RRSP Mortgages
We Buy Houses
Rent To Own
Q. Why would a person need to purchase a house using the rent to own option?
A. The rent to own option to purchase a house is available to people whose circumstances don't allow them to finance the purchase through a financial institution.
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Q. What are the benefits of purchasing a house using the rent to own option?
A. Benefits of using this option are: you get an opportunity to live in the house prior to purchasing it to determine if you like the home and does it meet your immediate and future needs; are the neighbours, neignbourhood and location suitable.
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Q. What kind of house can I buy using the rent to own option?
A. The type of house and location which you qualify for varies greatly, depending on your down payment and the monthly payments you can afford.
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Q. Are there any requirements for the rent to own program?
A. Yes, there are requirements and they are: down payment suitable for the property you would like to purchase; current employment or means of making the monthly payments; and good references while living in the property prior to taking full possession.
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Q. How do I eventually qualify for my own mortgage?
A. Helping you qualify for your own mortgage is our job. Our team is able to fund almost any individual with a mortgage.
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Q. What is the lease option, rent to own, owner-financing program about?
A. The program is intended to assist people in home ownership, the term used is not important. The program provides you with the ability to select a home, start making payments on the home and ultimately allows us to assist you in qualifying for and securing your own financing if you choose to do so.
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Q. What are the financing options and how does it work?
A. Financing options vary greatly depending on your financial situation and ability to repay the loan. Our goal is to provide you with home ownership. Home ownership is one of the most rewarding and fulfilling goals in our life. We will do everything in our power to ensure that the home you fall in love with can one day be yours. Our program was developed to ensure that you find your dream home.
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Q. What is 100% ownership?
A. Ownership is when our team of housing associates and mortgage consultants are able to assist you to acquire bank financing to own the home yourself.
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Q. What is the duration of the program?
A. The program duration varies greatly depending on your economic situation. When we start the approval process, we will be able to tell you the anticipated length of the program. That will give you a better understanding of how and when you can acquire 100% ownership. Unfortunately every situation is different, it is our ultimate goal to provide you with the 100% ownership solution.
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Q. What is the cost of this program?
A. There are no costs associated with our program, only monthly rent and a down payment, which will enable you to own your home.
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Q. What are the steps of this program?
A. There are a number of steps associated with this program.
1.Inspect & review a home that you feel would be your dream home.
2.Fill out and provide application form to your representative, and we will pre-approve your application and contact you regarding your eligibility for our program.
3.We discuss your monthly rent and down payment amount you have for this property, and then we will determine the length of the agreement.
4.Once your application is approved we will provide you with a move in date and you can start enjoying your new home.
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Q. How can you assist in rebuilding our credit?
A. Rebuilding credit is a long and sometimes painful process for many individuals. Our goal is to ensure that we provide you as much assistance in the process as possible. Once you have proven that you’ve made your required payments on time, we will provide a letter to the Credit Bureau stating this. This letter will be placed in your file and will assist with your long-term credit rebuilding process.
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Q. What if we have bad credit?
A. Bad credit is not always a bad thing; unfortunately life sometimes deals us a bad hand. We understand this situation and provided that you have the ability and character to repay your loans and that you are honest in your application process we will do everything in our power to assist you in achieving home ownership and rebuilding your credit.
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Q. How do I get started?
A. Fill out the Buying A House Questionnaire for pre-approval for our program.
Click Here!
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RRSP Mortgages
Q. What is an RRSP Mortgage?
A. A registered retirement savings plan (RRSP) mortgage, is a loan from a self-directed RRSP secured by a mortgage against land.
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Q. How safe is my investment?
A. Your investment is very safe, as this type of investment is approved by the Canada Customs and Revenue Agency (CCRA)stringent guidelines as suitable for RRSP registration.
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Q. What's in it for me?
A. Benefits of an RRSP mortage are your investment is tax sheltered, earning tax free income and it is a secure investment registered on quality Alberta real estate.
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Q. How long am I committed to an RRSP mortgage?
A. You set the term of the investment
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Q. Who is involved in my investment?
A. There are three parties: the borrower, the lender (you) and the trustee.
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We Buy Houses
Q. What kind of houses do you buy?
A. We buy houses in any area, any condition, any price.
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Q. What is the advantage to selling you my house over listing with a realtor?
A. When you list your home with a realtor, it could take weeks or more to sell your house. In some circumstances we may be able to purchase your house in as little as 24 hours.
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Q. How do I start the process of selling my house to your company?
A. Visit our Email Forms page and complete the "Selling Your House" Questionnaire, then forward it to us. We'll contact you to discuss your options.
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Q. I'm behind on my mortgage payments, are you still interested in buying my house?
A. Yes, we are. We can arrange to purchase almost any property from individuals in any financial situation.
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