Rent-to-own is a real estate term relating to a real estate agreement which is composed of a rental lease and a purchase agreement where the tenant has an option to buy the property at a fixed price at a specified point of time in the future. It is also known as lease to purchase option, lease option, or a type of owner financing.

The lease resembles that of a typical rental lease where the home owner, the lessor, allows the other party, the lessee, to occupy the property for a monthly payment. The option to purchase the property stated the price at which the property is to be purchased and the time period during which the tenant is able to exercise the option.

Rent to own contracts become very popular during housing market downturns as property sellers may need to vacate the property before it can be sold, and landlords may use them as a way to find good tenants. The seller may attract the tenant by having a specified portion of the rent applied as a credit toward a down payment on the house, or may receive a sum of money for the option giving the tenant time to rebuild their credit if necessary.

First Toronto Mortgage offers Toronto rent to own home financing. If a client has down payment or credit problem, it is an excellent soltuion. Feel free to contact an agent at First Toronto Mortgage, to start a rent to own home financing for your Toronto home today!

Posted by Kevin Somnauth, CFA
First Toronto Mortgage (http://firsttorontomortgage.com)

Brantford welcomes you to our corner of southern Ontario. We invite you to enjoy our hometown hospitality and the natural beauty of our landscape – all of which make our city a choice destination!

Whatever the season, there’s something in Brantford. With amazing festivals and events, studio art tours, one-of-a-kind shops, various sports tournaments and world-class thrilling theatre, our city offers something for all tastes and styles. All of these links and more are provided to the left hand side for your convenience and leisure.

Brantford offers affordable housing with a big city atmosphere. If you are planning to purchase a home in Brantford, First Toronto Mortgage can help secure home financing. For your Brantford mortgage, we offer: mortgage Brantford approvals for home purchases, home mortgage Brantford refinancing, Brantford home mortgage renewals, mortgages Brantford HELOCs and Brantford mortgages commercial mortgages.

Posted By Kevin Somnauth, CFA
First Toronto Mortgage (http://firsttorontomortgage.com)

The City of Owen Sound, Ontario is located on the southern shores of Georgian Bay in the valley below the sheer rock cliffs of the Niagara Escarpment. Owen Sound is characterized with a magnificent harbour and bay, 2 winding rivers, tree-lined streets, an extensive parks system, and tree-covered hillsides and ravines, that are home to a wide variety of flora and fauna.
Owen Sound is the biggest urban community in Grey and Bruce Counties, which combined represent a primary commercial market of 158,000. Owen Sound is the seat of the County of Grey government, and it is the location for a number of regional, provincial and federal offices for the government. There are 12 elementary schools, 3 secondary schools, and 6 private schools in addition to a Georgian College campus.

Places of interest include 4 conservation areas (Inglis Falls, Indian Falls, Hibou and Pottawatomi), Kelso Beach and the City’s waterfront trail system, Harrison Park, Grey Roots Museum & Archives, Tom Thomson Memorial Art Gallery, Billy Bishop Home & Museum, Owen Sound Marine & Rail Museum and the Farmers’ Market.
Downtown Owen Sound, recently refurbished and reminiscent of the 1900s, offers an economy that is balanced and diversified. The Heritage Place Shopping Centre on the east side complements the vibrant, beautiful downtown core and other arterial shopping areas.

Citizens and visitors can enjoy extensive recreation facilities and opportunities in Owen Sound. The city operates 2 arenas, and numerous soccer and baseball complexes/parks. 3 golf courses serve the City. Excellent boating and fishing are available on the bay, and during the winter residents can access thousands of kilometres of snowmobile trails, cross-country skiing areas, and downhill skiing clubs.

If this sounds like the lifestyle which is tailored to you, perhaps it is time to relocate to Owen Sound, Ontario. First Toronto Mortgage offers home mortgage products for Owen Sound. First Toronto Mortgage offers Owen Sound home mortgages including: new home mortgages, mortgage refinancing, and equity mortgages for Owen Sound. So for your Owen Sound mortgage, contact First Toronto Mortgage.

Posted by Kevin Somnauth, CFA
First Toronto Mortgage (http://firsttorontomortgage.com)