TO BE THE OWNER OR NOT TO BE - THAT IS THE QUESTION.
Changes of mortgage and financing rules over the last two years have made it nearly impossible for thousands of Canadian families to buy homes because banks would not approve their mortgages.
Lots of young families, especially first time home buyers simply stopped looking. Whether it is out of frustration, lack of large down payment required or simply becuase the process seems too complicated...they do not see themselves as home owners in the future.
DON'T LET THIS DISCOURAGE YOU!
Your family can be further ahead three or four years from now.
*With just 5% down, you can become a homeowner, (even with low credit or no credit).
*Families all over Ontario are using their rent money smarter to become homeowners faster.
*They rethink renting and enroll into RENT -TO-OWN process.
Before you start shopping for properties, you need to understand what you can afford to RENT-TO-OWN.