The Real Estate and Mortgage Show - October 4
Steve Gregory, Frank Napolitano and Paul Rushforth are joined in studio by Barb Kramer from Mortgage Brokers Ottawa & Maha Shahbazian from Paul Rushforth Real Estate on this week’s Podcast.
On this week’s episode of The Real Estate and Mortgage Show, Steve Gregory, Frank Napolitano, Paul Rushforth, Barb Kramer & Maha Shahbazian discuss rent-to-own programs, home equity and builder contracts. Frank and Paul also talk about the right season to list your home up for sale.
Frank Napolitano discusses and explains how a rent-to-own program works and whether or not it's right for you. The program is typically aimed at individuals who don't qualify for the traditional mortgage financing due to poor credit or insufficient funds for a down payment. The buyer is essentially paying a down payment (and rent) to the seller while living in the house and at the end of the contract, the buyer is obligated to pay the outstanding bslance to the seller/landlord.
Click here to listen to the full Podcast.