Townhomes are very popular in Ontario, especially in Greater Toronto. Townhomes offer more space than a condo, especially outdoor space. They are often chosen as starter homes or homes for new families. Townhomes are generally 2 stories or more, and usually have a basement that can be finished for additional space.
If you are currently renting an apartment or townhome but dream of owning your own, then Red Door Home Solutions can help.
The real estate prices in Greater Toronto for townhomes have increased significantly over the past decade. Coming up with a 20% down payment for a conventional mortgage can be difficult. Waiting years to accumulate that down payment while prices continue to rise may make you feel owning a townhome is an impossible dream.
Red Door Home Solutions has an alternative. Our rent to own townhome program allows you to become a home owner sooner than you imagined. To get started, you will need a deposit, good income and a desire to become a home owner.
Our team of real estate professionals will sit down with you and evaluate your finances and goals. We will explain how the program works in detail; cover what you can expect as a home owner, and set goals and the number of years (usually 3) for the lease period.
If accepted in the program, you will be given a pre-approval for an amount and can shop for a townhome in your desired area. Once the transaction is approved and completed, you can move in right away, decorate, make improvements and ‘train’ to be a home owner.
Call Red Door Home Solutions today and own a town home in Toronto, Barrie, Aurora, Whitby, Newmarket, Ajax, Hamilton, Oakville, Milton, Vaughan, Oshawa, and other areas of Ontario, Canada.
Bad Credit? No Problem!
It doesn’t matter if you have no credit, bad credit or the banks turned you down for a mortgage. During the lease phase we will work with you to improve your credit rating. By making your monthly mortgage payments on time every month, you can improve your credit as you build your down payment.
Your monthly lease payment will be affordable, with a portion each month going towards your down payment. The goal is for you to have a good down payment accumulated, improved credit and a full understanding of home ownership by the time the lease period is over. With our help, you could become a homeowner sooner than you thought possible!