If you want to buy a home but cannot get a mortgage right now, a rent-to-own agreement might be a good option.
This contract lets you move into a house today as a renter while giving you the option to buy it later.
In many deals, part of your monthly rent may count as a credit toward the purchase price.
When the lease ends, you can use those credits to help buy the home, as long as you qualify for final financing.
Planning to buy or sell a house or a condo in Mississauga, Brampton, Toronto and GTA? Give me a call!
