Emmanuel and Emily are a hard-working, entrepreneurial parents of two small kids under 10. After a long history of renting, they are motivated to get into homeownership before prices go up again. The couple has saved up $20,000 for a down payment but they need time to build up a bigger down payment to qualify for their own mortgage. Our rent-to-own program will help Emmanuel and Emily become mortgage-ready for 2025.
Combined, the couple earns $208,500 annually, from a combination of full-time jobs and side business. Emmanuel recently started a position as a Production Manager for the Toronto City Church. He earns $27,000 annually in that role but also freelances as a creative designer for business clients. He earns around $26,000 annually. Emily works for the toy company Mattel. She has been in role of Creative Manager since 2011 and earns $137,500 annually. Together, the couple also operates a small creative business that netted $18,000 in 2021.
Emmanuel has a credit score of 665 and is not carrying any debt. Emily has the family car loan on her credit and has a terrific score of 809. A Clover Properties-approved mortgage professional will be working with the couple to ensure they are mortgage-ready in three years.
The family found a great home in Port Hope, Ontario. The property is well-maintained, renovated with very nice finishes and located in a location that is close to all amenities and minutes to the 401. The house has 4 bedrooms and a bright finished basement with recreation room, updated kitchen and outdoor entertainment area.
If you can qualify for a $620,000 mortgage (based on a 20% down payment), and would like to earn about $2,052+ in monthly cashflow to help Emmanuel and Emily Rent to Own, please call or text Rachel at 416-450-1940.