You have heard the term, maybe on the radio, in a newspaper or in the news. Stress Test. But what is it exactly? A mortgage stress test is a way of determining exactly how much you can afford (and under what circumstances). If your income was reduced or you lost your job, could you still [...]
Considering Rent to Own by Michael Dominguez. Many members of the Doors to Wealth team had the opportunity to attend a three day event learning more about the rent to own program with the market leader in that business, Clover properties. Their success rate is unparalleled in the industry and we at Doors to Wealth [...]
Shelter is one of the most basic of necessities. In general, people can either rent, buy or rent to own a place to live. Home ownership is often idealized, but it is not without its own pros and cons. Because financial situations vary from one person to the next, owning a home may be ideal [...]
Believe it or not, the term rent to own is becoming more and more mainstream in today's real world. It is becoming harder and harder for a big chunk of our population to qualify for their own mortgages even if they have already decided they want to own versus renting. Why? Simply put, sometimes bad [...]
First-time homebuyers can receive up to $1,000 towards the cost of their new home under a new incentive program announced by BMO. The lender is offering the cash to eligible mortgage customers nationally, with $500 for loans between $100,000 and $249,000, and $1,000 for loans above $250,000. This is a great incentive for first-time homebuyers. [...]
