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  • elvis@premierhouses.ca

Buyers Rent to Own FAQ

Our mandate is for you to own a home.

We offer our Buyers free credit counselling and at any given time are working with 30+ banks to help you get the best possible mortgage . This is your opportunity to enjoy the Canadian Dream and own a home.

Q – How Does Rent To Own Work?

We put a large portion of your monthly rent “rent credit” towards the Down Payment of the home. We also offer “Free” credit counselling to help you qualify for a mortgage with the bank and if permissible we can also assist with the down payment at the time of purchase.

Q – What Does Rent Credit mean?

The Rent “Credit” is the portion of the rent that we put away each month as an incentive to help you save for the down payment on the home. If the rent credit is $300 then after 12 months you’d have an additional $3,600.00 towards the down payment. It’s a forced savings that you never had.

Q – We Have Bad Credit Does That Matter?

We offer “free” credit counselling and work with people with all sorts of credit issues. We will assess your situation and see what needs to be done to help you own a home.

Q – Do We Need A Down Payment?

We only require 1st month’s rent. Any additional money you can raise above first month’s rent will all go towards the Down Payment for the home.

Q – When Can We See The Home?

We can set up a showing right away. Contact us to set up an appointment. Our houses don’t last long so don’t take too long deciding if you’d like to own a home or not.

Q – What Is The Selling Price?

The selling price is set before you move in so there are no surprises when the time comes to purchase the home. We also have incentives for families that work hard to get a mortgage quickly.

Q – Can We Just Rent The House?

Yes, in certain situations we will provide that option. Please contact us for more information.

Q – Who Pays The Taxes And/Or Condo Fees?

We pay the taxes and condo fees.

Q – Are Utilities Included?

No. We pay the mortgage, taxes, home insurance, and condo fees if applicable. The utilities that your family consumes would of course be your own expense.

Q – Who Holds The Mortgage?

We hold the mortgage and are responsible for paying it until we are able to help you purchase the home. You are only responsible for the rent, maintaining the home, and improving your credit worthiness with the help of our “free” credit counselling.

Q – What Happens If We Can’t Purchase After The Term?

We will extend the term. This assuming you have been paying your rent on time, looking after the home and showing signs of credit improvement, we will work with you until you own the home.

Q – Is This Website Secure To Send My Personal Info?

Yes, This Web Site is secured with a Starfield Technologies Web Server Certificate. Transactions on this site are protected with upto 256-bit Secure Sockets Layer encryption.

Looking to Sell your Home Quickly? We Can Help.

Just fill out the "Sell Your Home" form and we will set up a free consultation and appraisal.