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Description

RENT TO OWN!! Upgraded 3 bedroom, half duplex home in South Creek in Stony Plain. Quartz countertops, stainless steel appliances and a washer and dryer. Fully fenced and landscaped. Double attached garage. Exciting opportunity to own your own home in just 3 years. I will give you a bit of a run down on how the company works so you are aware. We base our program on a three year term with the end goal of having a 5% down payment saved to help you get traditional mortgage. We do require an initial fee and damage deposit. Customer Purchase Price $475900 Monthly Rent $2,300 Monthly Option Fee $345 All in Monthly Payments $2,645 Damage Deposit $2,300 Anticipated Initial Fee $10,975 To start you need an initial fee which goes into a trust account with your name on it, approximately $10,975 The monthly rent is $2,300 and then a monthly option fee is added to that per month which would be approximately $345. The $345 option fee will be added to your trust account every month. Your monthly fees would be approximately $2,645 + utilities. The end goal is having a 5% down payment in your trust account at the end of the 3 year term to help you obtain a traditional mortgage. It is kind of like a forced savings account. You can exercise the option to purchase it early within the 3 year term with no penalty. With all the money in trust going back to you. The home comes with all appliances including a washer and dryer. Fully fenced and landscaped. Upfront Commitment $15,575 Option Fee $10,975 Security Deposit $2,300 1st Months Rent $2,300 South Creek Wynd https://housetohomeequity.ca/