Start your journey
to home ownership
Stop Paying Your Landlord’s Mortgage and Start Paying Your Own.
With Royal Rouge rent to own program you can achieve your dream of home ownership in less than 10 weeks. During the rent to own tenure we will collaborate with you to address any issues that prevented you from being approved for a conventional mortgage.
You Can Become a Home Owner Regardless of Your Financial State
Our program is flexible and we are very willing to work with you irrespective of your credit score or low income statement. We are confident that we could make your dream of home ownership a reality irrespective of what the bank says.
Rent to Own Tenant Buyers Journey |
Is the Rent-To-Own Program a good fit for me?
The Rent-to-Own Program is designed to provide homeownership solutions to Canadians or Permanent Residents with any of these challenges.
Not having a sufficient down payment.
Mr. & Mrs.'s Low Down Payment have saved up some money as a down payment to buy a house; however, they have not saved enough to get the house. They wish to start building equity into their future home as opposed to paying down their current landlord's mortgage.
Not having a good Income Financial Statement.
Mr. CEO is an entrepreneur and sole owner of his construction servicing company, which has been in business for approximately 3 years. Mr. CEO has difficulty obtaining a mortgage through the bank as his income statements have proven inadequate to qualify for a traditional mortgage. He needs to work on a customized financial plan to be able to get a mortgage in 3 years and build up a minimum of 10% down payment to purchase his new home
Having a Bad Credit Score
Mr. Bad credit had some financial challenges during the Covid-19 pandemic and has been unable to get his credit score in the right standing. Mr. Bad Credit has some money saved as a down payment, but he needs to increase his credit score in order to get into a home of his choice.
WHY CHOOSE US?
We have a good track record of providing satisfaction and getting our clients their desired home
Frequently Asked Questions
Royal Rouge Properties in conjunction with its partners will purchase the home that YOU choose, and you will have the option to purchase the property at the end of the program. All through this RTO period, you will work through a forced saving plan to enable you to provide the complete down payment and also improve your credit score. Upon completion, you will be in great shape as you would have solidified your stance toward qualifying for traditional lending with the bank and will have your name on the title once approved. We are mandated to sell the home to you at the end of the term at a pre-determined price and your down payment will include your Initial Option Consideration along with the Monthly Consideration which would be credited towards the purchase price of the home.
After all said and done, the complete payments are definitely LOWER compared to the conventional 5% mortgage interest rate.
The future purchase price is fixed at the beginning of the RTO program with a conservative yearly appreciation. Hence, the tenant-buyer is subject to benefit from a market that outperforms the previously fixed purchase price upon taking ownership of the property.
Yes and No. Yes, you will need to provide a substantial portion of the down payment (initial option consideration) and No you don’t need to provide all the down payment at once. Based on your Initial option consideration a monthly option consideration would be calculated which could be subject to further discussions depending on your situation.
Our specialized mortgage professionals will assess your current situation to determine your eligibility to qualify for financing in 2-4 years. Furthermore, you will be provided with an action plan to get your credit score back on track.
