Rent To Own Newfoundland
Rent To Own In Newfoundland and Labrador
The rugged coast line and scenic landscape combined with a province rich in history makes Newfoundland and Labrador an amazing place to live.
With seasonal work being one of the may ways to make an income in Newfoundland, the ability for Newfoundlanders to qualify for a mortgage can be very difficult. (Not to mention the impact of the stress test!)
Because of this many Newfoundlanders find themselves sitting on the sidelines of homeownership, and continue to rent rather than invest into their future by paying into a home.
On top of all this many people are leaving their home provinces where real estate prices are significantly higher, such as Manitoba, Ontario and Quebec, they are cashing out and putting their money into small markets like what you can find in Newfoundland These same people are willing to pay well above the asking price which is inflating the price of homes in these highly sought after markets in Newfoundland.
With new money being injected into Newfoundland’s housing market, as well as interest rates that are staying at historical lows, the price of real estate in Newfoundland may be on an upward trend for years to come.
Unfortunately, if this trend happens and home prices rise, many people in Newfoundland are going to have a difficult time saving enough or qualifying to buy a home.
For the reasons above this is why Rent To Own Canada exists.
We specialize in Rent To Own in Newfoundland. More specifically in St. John’s, Mount Pearl, Conception Bay, Paradise and Corner Brook.
Rent to Own in Newfoundland, helps people who may be having trouble qualifying for a traditional mortgage with a bank. Our Rent to Own agreements are structured to put you the tenant-buyer into a position to have the best opportunity to be mortgage ready and successfully purchase your home at the end of the rent to own agreement.
We help people who have bad credit, recently divorced, self-employed or new to the country.
If you would like to better understand how Rent To Own works, click the following links.
Rent To Own Canada - Executing Rent To Owns Successfully With Integrity.