Rent to Own

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Welcome to our Rent To Own Program!!

My Rent To Own Program helps families avoid the inflexible rules set by banks and allows them to become new Home Owners or Refinance their existing home should they be facing Power of Sale or Foreclosure.

If any of the following apply to you, We CAN Help!

Mortgage Approved Loan

Damaged Credit

New To Canada

Tax Arrears

Facing Foreclosure

Low Down Payment

Self Employed

Facing Power of Sale

We have been so conditioned to believe that there is only one way to obtain financing to buy or refinance our homes. The media tells you the choice is between a bank or a credit union.

It is important to realize that traditional lenders are not the enemy, but, when Banks start tightening their lending guideline as they have in the past few years… they decline many clients who deserve a chance at becoming a Home Owner.

Banks continue to use the same time tested approach to see who qualifies to become a Home Owners and who doesn’t.  Banks simply plug in your financial numbers, examine your credit bureau and then based on the financial profile they create for you…you are either “Approved” or “Declined”.

This, of course, is a glorious moment for those approved. Catastrophic for those declined.

Unfortunately, banks and other lending institutions are not in the business of moving those who are declined to the list of those who are approved.

Fortunately, I  can help “bridge the gap”.

We bridge the gap between that “NO!” you first receive and the future “YES” you will achieve.

Home Owner Soon Rent to Own / Lease Purchase Program

Our Lease Purchase Program starts with a down payment as little as 5% down if you are Purchasing a New Home. If you are a current Home Owner and are facing Power of sale/Foreclosure we can use the existing equity in your home. You should be prepared for additional closing costs such as Independent Legal Advice (ILA), appraisal and home inspection and possibly a broker fee if you are being referred in through a Mortgage Agent. In Purchase situations these costs are out of Pocket, in Refinance situations, these costs may be able to come from the existing equity in your home.

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If you are transitioning from a renter, consider our Purchase Program as Home ownership Boot camp helping you easily transition from renting to owning. As a home owner, you have to consider additional cost such as property tax, house insurance and other cost in your budget you might not be accustomed to when you are renting. HOS Financial’s program helps you budget and prepare for the extra cost so you are best prepared moving forward. Also if your credit is damaged, our Compass Credit Management program will give you the guidance needed to correct any credit issues, build a new credit rating and put you in a position to qualify for a future mortgage. Please note, Lease Purchase Payments are higher than normal rental payments as up to 20% of the monthly cost is added to your initial down payment to put you in a prime qualifying position with your Bank and CMHC. Our underwriting guidelines mirror all the major banks so you are confident to exit at the end of the term.

Lease Purchase Buy Back Program – Escape Power of Sale / Foreclosure

If you are an existing Home Owner facing Power of Sale/Foreclosure, your transition process will be from an owner to a tenant and back to an owner at the end of the Lease Purchase Program. As with the Purchase program, our Buy Back program will enroll you in our Credit Compass program to resolve any credit challenges you are currently facing. Our Lease Purchase Buy Back program allows you and your family to escape Power of Sale/Foreclosure, press the reset button and get a fresh start!

Facing Power of Sale or Foreclosure? We can help!!!

Our specialty is helping families avoid the jaws of foreclosure and keep your family at home where you deserve to be. We understand how unexpected life events can affect personal finances.

If your current 1st or 2nd Mortgage lender is not renewing your mortgage…we can help!

If you are drowning in debt and need to refinance…we can help!

Our Rent To Own Buy-Back Model will:

  • Keep your family at Home and kids with their friends!
  • Repair any Credit Issues you are Facing today
  • Eliminate any debt you have by accessing the equity you have in your home
  • Return you to a traditional mortgage at the end of the term

Here are some other important details about our Rent to Own Purchase and Refinance Program:

  • No one is accepted into our Lease Purchase Program unless there is a clear exit strategy…we have been underwriting Lease Purchase Programs for 9 years and our success is “only” based on the number of clients we “exit” into a traditional mortgage…as Guy Lew, President says
  • “We are underwriting your file for a future mortgage and we are using a Lease Purchase Program to allow you to move in today”
  • The “Future” Purchase Price is determined from Day One so you know exactly what you will pay to purchase the house in the future
  • Credit Mentoring is mandatory during the Rent To Own Program
  • ILA is Mandatory before the Rent To Own Program starts

Who is our client…

We are NOT credit driven and our clients generally fall into at least one of the categories below.  They have either…

  • Low or no credit score
  • Business for self and can’t show income
  • Collections, judgments or writs on bureau
  • Property tax or income tax outstanding, tax liens
  • Need to go into a consumer proposal, bankruptcy or not fully discharged
  • Orphaned mortgage, current lenders not renewing
  • Mortgage higher than the current market value due to market correction
  • Power of sale (foreclosure)

If you want to Buy, Allow us to help!
If you need to escape the Power of Sale or Foreclosure we can help!