Myths About Rent-to-Own Homes in Canada

If you’re exploring alternative paths to homeownership, you’ve likely come across rent-to-own homes in Canada. But like many innovative housing solutions, rent-to-own is often misunderstood. In this post, we’ll bust the most common myths about rent-to-own homes and explain why this model could be your ideal path to homeownership, especially if you’re self-employed, rebuilding credit, or new to Canada. 

Myth #1: Rent-to-Own is a Scam

Many people wonder “is rent-to-own legitimate in Canada?” The answer is yes, when done with reputable companies. While it’s true that some individuals have had negative experiences, that’s often due to unclear contracts or working with unregulated landlords. At JAAG Properties, our Rent-to-Home Solution is fully transparent, legal, and designed to protect your interests while helping you succeed.

Myth #2: You Need Perfect Credit to Qualify

This is one of the most persistent rent-to-own myths in Canada. The truth? Rent-to-own was designed for people who don’t currently qualify for a traditional mortgage. Whether you’re working on improving your credit, are self-employed, or don’t yet have a strong Canadian credit history, a structured rent-to-own program can give you the time and support you need to get mortgage-ready.

Myth #3: You’re Just Wasting Money on Rent and Rent-to-Own is No Different

Another common misconception is that rent-to-own is no different than renting. But unlike renting, part of your monthly payments in a rent-to-own agreement go toward your future home purchase. This helps build equity while you live in the home you plan to own, which is a key benefit of rent-to-own houses in Ontario and beyond.

Myth #4: You Have No Control Over the Home

When you participate in a rent-to-own program, especially through a company like JAAG, you choose the home you want to live in, often one that’s already on the market. You also have the opportunity to customize or improve the property over time, knowing it’s meant to be yours.

Myth #5: Rent-to-Own Only Works in Big Cities

Think rent-to-own homes are only in Toronto or other large cities? Think again. At JAAG Properties, we’ve helped individuals and families across Ontario, from mid-size cities to small towns, achieve their dream of homeownership through our flexible and supportive program.

Start Your Path to Homeownership with JAAG

At JAAG Properties, we help people from all walks of life, including the self-employed, new Canadians, upstart professionals, and those rebuilding credit, achieve homeownership through our trusted Rent-to-Home Solution. Don’t let myths hold you back from your goals.

Contact us today to learn how JAAG can help you find and secure the home you’ve been dreaming of.

Rent vs. Rent to Own

For many Canadians, especially those who are self-employed, rebuilding credit, or new to the country, traditional mortgages can feel out of reach. But that doesn’t mean homeownership is impossible. At JAAG Properties, we help people across Ontario transition from renters to homeowners through our Rent to Home Solution. So, what’s the difference between renting and rent-to-own, and which is right for you?

What Is Traditional Renting?

When you rent a home, you pay a monthly fee to a landlord without building equity in the property. You don’t own the home, and there’s no long-term commitment beyond your lease. While renting offers flexibility, it can also feel like throwing money away. Month after month, you’re paying for a space that will never be yours.

What Is Rent-to-Own?

Rent-to-own, also known as lease-to-own, offers a path to homeownership for people who don’t yet qualify for a mortgage. In a rent-to-own program like JAAG’s, you choose the home you want, and we buy it for you. You then rent it from us while working toward purchasing it. A portion of your monthly payment goes toward your future down payment, helping you build equity as you rent.

Who Benefits Most from Rent-to-Own Homes?

Many individuals and families across Ontario are finding that rent-to-own fits their unique financial and personal circumstances. This option is ideal for:

  • Self-employed individuals without a stable income history
  • Those recovering from poor or limited credit
  • New Canadians building financial roots
  • Young professionals not yet approved for a mortgage

If you’re searching for how to buy a home without a mortgage or rent-to-own homes in Ontario, this solution may be exactly what you’re looking for.

Is Rent-to-Own Better Than Renting?

If your goal is to own a home, rent-to-own can be a smarter investment than traditional renting. Rather than watching rent payments disappear, you’re actively working toward homeownership. Plus, JAAG offers credit coaching, financial planning tools, and personalized support every step of the way.

Start Your Path to Homeownership with JAAG Properties

Whether you’re self-employed, repairing credit, or just starting out in Canada, homeownership is still within your reach. At JAAG Properties, we specialize in making that dream possible through our Rent to Home Solution. If you’re ready to stop renting and start owning, contact us today and discover how rent-to-own can work for you.

Questions to Ask Before Buying a Home

Buying a home is a major milestone, and it can feel overwhelming. Whether you’re planning for a traditional mortgage or exploring rent to own homes in Canada, asking the right questions helps protect your investment and set you up for long-term success. At JAAG Properties, we’ve helped hundreds of families with our Rent to Home Solution, guiding buyers to make informed decisions. Here are the key questions to ask before buying a home in Ontario or anywhere in Canada.

How Do I Know What I Can Afford When Buying a Home in Canada?

Before buying a house, ask yourself: “What price range can I realistically afford when buying a home in Canada?” Many buyers also search for “how much house can I afford in Ontario” or “what is a realistic budget for buying a home in Canada.”

Understanding your budget goes beyond the purchase price. You should also factor in:

  • Property taxes
  • Home insurance
  • Utilities
  • Maintenance costs

If you’re not yet mortgage-ready, a rent-to-own home in Ontario can help. This option allows you to move in now while building credit, saving for a down payment, and preparing financially for a future mortgage.

Which Neighbourhood Fits My Family and Lifestyle?

A common question is: “What should I look for in a neighbourhood before buying a house?” Think about:

  • Proximity to schools, transit, and shopping
  • Safety and community reputation
  • Long-term property value trends

JAAG Properties allows clients to choose their own rent to own home in their preferred neighbourhood, making sure your home aligns with your lifestyle.

What Is the Condition of the Home and Potential Repair Costs?

Many buyers wonder: “Do I need a home inspection before buying a house?” Always get one. Pay attention to:

  • Roof and windows
  • Plumbing and HVAC systems
  • Flooring and structural issues

Even with a rent to own home in Canada, choosing a property in good condition ensures long-term value and reduces unexpected expenses.

Will This Home Meet My Long-Term Goals?

Ask yourself: “Is this home right for me in the next 5–10 years?” Consider:

  • Potential for property value appreciation
  • Space for a growing family
  • Location relative to career, schools, and lifestyle

JAAG Properties also provides access to Certified Financial Planners to help align your home purchase with your financial future.

What Financing Options Are Available If I Don’t Qualify for a Mortgage?

A top question is: “What credit score or financing do I need to buy a house in Canada?” Many people don’t meet traditional mortgage requirements, including:

  • New Canadians building credit
  • The self-employed
  • Families repairing credit

With JAAG’s Rent to Home Solution, you can live in your dream home while improving your finances and preparing for mortgage approval.

Why Asking the Right Questions Matters Before Buying a Home

Asking the right questions makes sure you make an informed decision that fits your lifestyle, budget, and long-term goals. At JAAG Properties, we help clients explore rent to own homes in Ontario and guide them every step of the way to find the right home, in the right location, with the right plan for homeownership.

The Best Cities in Canada for Rent to Own Homes

For many Canadians, qualifying for a mortgage and saving for a down payment can feel out of reach. That’s why rent to own homes in Canada are becoming a popular solution for families, new Canadians, and professionals looking to achieve homeownership. At JAAG Properties, our Rent to Home Solution has helped hundreds of people across Ontario find the right home, build equity, and secure their financial future.

If you’re searching for the best rent to own cities in Ontario, here are some top locations to consider:

Rent to Own Homes in Toronto, Ontario

Toronto is Canada’s largest city and one of the most competitive housing markets. While home prices are high, renting a home in Toronto gives families the chance to live in a vibrant city while building equity for the future. This makes it an ideal choice for new Canadians, professionals, and families who want access to career opportunities, schools, and amenities.

Affordable Rent to Own Homes in London, Ontario

London offers a balance of affordability and lifestyle. With a lower cost of living compared to the GTA, it’s a great place for families exploring affordable rent to own homes in Ontario. From modern condos to family homes, London provides excellent value for first-time homebuyers.

Rent to Own Homes in Hamilton, Ontario

Hamilton has transformed into a hub for young professionals and families thanks to its revitalized downtown and proximity to Toronto. Choosing a rent to own home in Hamilton lets buyers benefit from rising property values while enjoying a mix of urban and suburban living.

Best Rent to Own Homes in Kitchener-Waterloo, Ontario

As Canada’s growing tech hub, KitchenerWaterloo attracts professionals and entrepreneurs. Renting to own a home in Kitchener or Waterloo is a smart investment for those looking to settle in a city with job growth, excellent schools, and strong community support.

Rent to Own Homes in Windsor, Ontario

Windsor is one of the most affordable housing markets in Southern Ontario. Families looking for cheap rent to own homes in Canada often find Windsor appealing due to its lower costs, growing developments, and proximity to the U.S. border.

Why Choose JAAG Properties for Rent to Own Homes in Canada?

At JAAG Properties, we believe everyone deserves a second chance at homeownership. Our program helps people who may not qualify for a mortgage today, including the self-employed, newcomers to Canada, and those repairing their credit.

If you’re ready to explore the best cities in Canada for rent to own homes, JAAG Properties can help you find the right home, in the right city, with the right plan.

Guide to Homeownership as a Single Parent in Canada

Owning a home as a single parent in Canada may seem out of reach, but with the right guidance, it is possible. While balancing financial responsibilities on one income can be challenging, there are flexible solutions available to help single parents move toward stable, long-term homeownership.

Financial Challenges and Realities of Buying a Home as a Single Parent

Compared to dual-income households, single parents often face added challenges when applying for a mortgage, including:

  • Household income stability
  • Credit score and history
  • Debt-to-income ratio
  • Ability to save for a down payment and closing costs

Despite these challenges, many single parents successfully become homeowners with the right support and strategy.

Mortgage Options and Government Support Programs for Single Parents

Several programs can help single parents in Canada become homeowners, including:

  • The First-Time Home Buyer Incentive, which offers shared equity with the government to lower monthly payments
  • The Home Buyers’ Plan (HBP), which lets you withdraw from your RRSP tax-free for a down payment
  • Provincial tax credits and rebates for first-time buyers
  • Low-down-payment mortgage options (as low as 5%) through CMHC-insured lenders

Talk to a mortgage broker about how these programs can reduce upfront costs and monthly payments, making homeownership more affordable.

How JAAG Properties Supports Single Parents on the Path to Homeownership

If traditional financing is not an option, JAAG offers a proven alternative. Our Rent to Home program allows you to move into a home today while working toward mortgage approval in the future.

Our support includes:

  • A flexible rent-to-own pathway tailored to your budget and timeline
  • Guidance to help rebuild or strengthen credit
  • A dedicated team that walks with you through every step of the homebuying process

Key Steps for Single Parents to Start the Homebuying Journey in Canada

To increase your chances of becoming a homeowner as a single parent, start by:

  • Creating a realistic budget based on your monthly income and expenses
  • Reducing existing debts and improving your credit score
  • Exploring financial assistance programs and grants
  • Connecting with alternative homeownership providers like JAAG Properties
  • Starting your rent-to-own journey while working toward mortgage readiness

Starting early gives you more time to prepare and succeed.

Why JAAG Properties is a Trusted Option for Single Parents in Ontario

JAAG Properties helps single parents across Ontario overcome financial barriers to homeownership with personalized plans, expert guidance, and a supportive, solutions-focused approach. We believe every family deserves a safe, stable place to call home.

Start Your Homeownership Journey Today with JAAG’s Rent to Home Program

If you’re a single parent in Canada facing challenges with financing, credit, or saving for a down payment, JAAG Properties can help. Our Rent to Home program offers a flexible path to ownership with built-in support, giving you time to build credit and savings while living in your future home. Learn more and take your first step toward long-term stability and homeownership today.

How to Buy a Home as a Self-Employed Individual in Canada

Buying a home in Canada can feel like a complex process, and if you are self-employed, there are often additional challenges to navigate. Being self-employed, whether as a small business owner, freelancer, or consultant, should not prevent you from achieving your dream of homeownership. With the right knowledge and support, you can successfully buy a home even without traditional employment verification.

Understanding Who Qualifies as Self-Employed for Mortgage Approval in Canada

Self-employed individuals typically include entrepreneurs, freelancers, consultants, gig economy workers, and sole proprietors who earn income outside of a regular salaried position. Mortgage lenders require specific documentation from self-employed buyers to verify income stability and financial health, including:

  • Two or more years of Canada Revenue Agency Notice of Assessments (NOAs)
  • Detailed financial statements such as profit and loss reports
  • Business registration or incorporation documents
  • A strong personal credit history

These documents help lenders assess your ability to repay a mortgage despite the variability in your income.

Income Verification and Documentation Requirements for Self-Employed Mortgage Borrowers

Mortgage lenders traditionally prefer predictable, steady income, which can make qualifying for a mortgage more difficult for self-employed individuals. They look for:

  • Proof of consistent income over at least two years
  • Minimal business write-offs that reduce taxable income
  • Healthy credit score and debt-to-income ratio

However, many self-employed buyers face difficulties qualifying for conventional mortgages because of complex tax situations or fluctuating earnings.

Alternative Mortgage Solutions and Rent to Own Programs for Self-Employed Homebuyers in Canada

If traditional mortgage approval feels out of reach, there are alternative pathways to homeownership. JAAG Properties specializes in helping self-employed Canadians and others who may not meet standard bank criteria. Our Rent to Home Solution allows you to live in your ideal home today while building credit and income history to qualify for a mortgage in the future.

Additional services we offer include:

  • Customized credit-building strategies
  • Flexible qualification criteria designed for entrepreneurs and contract workers
  • Support for new Canadians and those repairing their credit

Key Preparation Steps and Timelines for Self-Employed Canadians Planning to Buy a Home

It’s wise to begin the homebuying process 6 to 24 months before your ideal purchase date by:

  • Organizing all financial and tax documents
  • Ensuring your taxes are filed accurately and on time
  • Working to improve your credit score and reduce debt
  • Consulting with mortgage brokers and alternative lenders to explore options

Why JAAG Properties is the Trusted Choice for Self-Employed Homebuyers in Canada

At JAAG Properties, we believe everyone deserves a second chance to own their home. Our team understands the unique challenges self-employed individuals face and works closely with you to create homeownership pathways tailored to your financial reality and goals.

Explore JAAG Properties’ Rent to Own Program for Self-Employed Buyers

If you are self-employed and finding it hard to get traditional mortgage approval, you still have options. JAAG Properties is here to guide you toward homeownership with confidence and flexibility.

Learn more about our Rent to Home Program and start your journey toward owning your dream home today.

Commonly Asked Questions About Our Rent to Own Program

Thinking about a rent to own home but not sure how it all works? You’re not alone! A lot of people have questions about the process, from how payments work to what it takes to eventually own the home. Rent to own can be a great option for those who aren’t quite ready for a traditional mortgage but still want to work toward home ownership. In this blog, we’ll break down some of the most commonly asked questions about our Rent To Own Program, so you can decide if it’s the right fit for you.

Rent to Own Program Qualification Questions:

 

Do I Qualify for JAAG’s Rent to Own Program?

At JAAG Properties, we understand that not everyone fits the traditional home buyer mold, but we believe everyone deserves the chance to own a home. If you have a stable job, a 3% deposit, and need assistance overcoming the hurdles of purchasing a home, you may qualify for our Rent to Own Program.

Do I Qualify for Rent to Own If I Have a Past Bankruptcy?

Yes. We have a full credit team that will work with you throughout the Rent to Own Program to increase your credit score to the level the banks and lenders require. We have set up our credit team in order to work with the people that are currently in bankruptcy or consumer proposal or have gone through this in the past. Our credit team will perform a credit analysis, which will outline what needs to be done and the actions you can take throughout the program to achieve success. If you are willing to work with our credit team to improve your credit profile, your credit score today will not be a deciding factor for our approval.

Do I Qualify If I Am Self Employed or Own My Own Business?

The answer is yes. We work with several individuals that are small business owners or self-employed and help them claim their hard-earned income properly so that they can qualify for their own mortgage.

What are Some Reasons I Might Be Declined for the Rent to Own Program?

There are two main criteria that we look at for approval in JAAG’s Rent to Own Program, deposit and income. If you have 3% of the purchase price saved and stable income, you will be approved for JAAG’s Rent to Own Program. You need to ensure that you’re able to make the payments towards ownership of your home as well as your current expenses. If you are willing to do that, then you are able to qualify.

Rent to Own Process Questions:

 

Who Chooses the Home in a Rent to Own Agreement?

You get to choose your own home, the area, and amenities that you want to be close to. Our Rent to Own Program is set up the same way as if you were going through the home buying process yourself. JAAG Properties does not inventory any homes that you have to pick from. We are approving you for a purchase price. Then you will work with a realtor to find the home that best fits your criteria. Once you select the home, we start the offer process, complete a home inspection with you and buy the home. The only difference is we are on title. Once the Rent to Own Program is successful, the title goes in your name, and you are officially a homeowner.

What are Some Reasons a Property Might Not Be Eligible for the Rent to Own Program?

There are only a few reasons JAAG Properties might not approve the specific home. These include:

  • The property is too rural, and a higher deposit is required
  • The property is in a state of disrepair and needs too much work
  • Your income level does not support the purchase price of the home

Is a Home Inspection Required for Rent to Own?

Yes. We require a home inspection on all the properties that we purchase. You are responsible for the payment of the home inspection and that’s usually between $400 – $500 and done by a professional home inspector. The goal of this inspection is to ensure the home is in good condition and free of any hidden problems in all major areas, like roof, electrical, plumbing, heating, and cooling.

How Much of a Deposit is Required to Rent to Own?

The minimum deposit to qualify for the program is 3% of the approved purchase price. For example, if the approved purchase price is $500,000, the minimum deposit that you’ll need to qualify for the Rent to Own Program is $15,000.

How is the Future Purchase Price of a Rent to Own Home Determined?

A few factors come into play when determining the future purchase price:

  • Today’s Fair Market Value of the Property. When a client identifies a desirable property, JAAG Properties will purchase the property based on today’s market value or a price the seller is willing to accept.
  • Length of the Rent to Own Term. Based on the area of the province and property type, a conservative annual appreciation rate is determined based on historical market data. For instance, if the market suggested an annualized appreciation rate of 7% – 10%, we will use 4% – 5%.
  • Approved Mortgage Amount. The approved mortgage amount from our credit team verification that at the end purchase price will be within the expected mortgage budget provided by the mortgage expert.

What are the Benefits of a Pre-Determined Future Purchase Price?

Some benefits of a pre-determined future purchase price, with a fixed future purchase price, the problem of market volatility is removed, and so is the uncertainty on affordability in the future. A fixed purchase price means a fixed down payment amount, eliminating the problem of trying to catch up with rising home prices. As the market appreciates above and beyond predetermined purchase price, our clients will be building equity throughout the Rent to Own Program.

Am I Allowed to Renovate the House?

Yes. You can update and renovate the home as you see fit during the program. We want you to make that house your home, because it will be at the end of the Rent to Own Program.

Who is Responsible Maintenance Payments During the Rent to Own Term?

You will be responsible for all the upkeep, maintenance, and ongoing issues of the property. Our program is not just renting to own, but instead a home ownership and training program. You will directly benefit from any improvements that you make from the home, such as renovations as it will increase the value of your home. And, of course, all homes need regular maintenance and ongoing issues happen. It’s important to budget accordingly and keep this in mind throughout the program. When you choose your home, it will be inspected by a certified home inspector, and you will know exactly what is required for that specific home and decide if you’d like to proceed.

Are the Property Taxes and Insurance Included in My Monthly Payments?

Yes. The monthly payments you make to JAAG Properties will go towards the mortgage, property tax, and insurance, as well as the monthly credit you will require for your full down payment. Throughout the entire Rent to Own Program, the monthly payment is automatically set up for the first of each month.

What Happens If I Don’t Qualify for a Mortgage at the End of My Rent to Own Term?

If you are unable to qualify at the end of the Rent to Own Program and have made all monthly payments on time, we will extend the rent to own term until you can qualify. We set up all of our rent to own programs to work with individuals and families to own their home.

Start Renting to Own with JAAG Properties

Choosing a rent to own home is a big decision, and it’s natural to have questions along the way. At JAAG Properties, we’re committed to making home ownership more accessible by providing clear guidance and support throughout the process. Whether you want to understand the financial details, eligibility requirements, or how the transition to ownership works, our team is here to help. No question is too big or small—we want you to feel confident in your decision. Get in touch with us today to learn more!

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Things That Won’t Hurt Your Credit Score

A credit score is a three-digit number that represents your creditworthiness and impacts your ability to secure loans, mortgages, and credit cards. Many Canadians worry about factors that don’t actually affect their score. Knowing what does and doesn’t impact your credit is essential, especially if you’re planning to buy a home.

Why Credit Scores Matter

Your credit score determines loan eligibility, interest rates, and financial opportunities. Lenders use it to assess your reliability as a borrower. A higher score often means better borrowing options, while a lower score can lead to higher interest rates or loan denials. However, some commonly misunderstood factors have no effect at all.

Common Things That Won’t Hurt Your Credit Score

Checking Your Own Credit Report

Reviewing your credit report is a “soft inquiry” and does not lower your score. In fact, checking it regularly helps identify errors or potential fraud.

Using a Debit Card

Debit card transactions are not reported to credit bureaus because they do not involve borrowing money. Whether you use your debit card frequently or rarely, it won’t impact your credit score.

Income Changes

Your salary, job status, or career shifts do not directly affect your credit score. While income influences your ability to pay bills, your score is based on how you manage credit, not how much you earn.

Marital Status

Getting married or divorced does not impact your credit score. Even if you share financial accounts, your credit report remains separate. However, joint accounts and co-signed loans can influence both partners’ credit history.

Denied Credit Applications

While being denied credit can be discouraging, it does not hurt your credit score. However, the hard inquiry from applying for credit can have a minor temporary impact. To minimize unnecessary hard inquiries, avoid applying for multiple credit accounts in a short period.

How to Protect Your Credit Score

Although the factors mentioned above don’t affect your credit score, there are steps you should take to maintain and improve your rating:

Pay Bills on Time

Your payment history is one of the most significant factors in determining your credit score. Late payments can lower your score, so always aim to pay bills on time.

Keep Credit Utilization Low

Credit utilization refers to the percentage of your available credit that you use. Keeping this ratio low—ideally below 30%—shows lenders that you manage credit responsibly.

Review Your Credit Report Regularly

Checking your credit report for inaccuracies or fraudulent activity helps you maintain an accurate and strong credit history. If you spot errors, report them immediately to the credit bureau.

Contact JAAG Properties to Start Your Home Buying Journey

A strong credit score can make homeownership more accessible, but you don’t have to navigate the process alone. JAAG Properties offers Rent to Home Solutions that can help you achieve your dream of owning a home in Canada. Contact us today to learn how we can support your journey to homeownership.

What to Know About Debt Consolidation

Managing debt can be overwhelming, especially when multiple loans and high-interest rates block the path to homeownership. Debt consolidation is often suggested as a solution, but misconceptions exist—some see it as a quick fix, while others fear it could harm credit. In reality, it can simplify your finances and bring you closer to owning a home if done right.

What is Debt Consolidation?

Debt consolidation combines multiple debts into a single loan or payment. Instead of juggling credit cards or personal loans with varying rates, you’ll have one monthly payment. This can reduce stress and may lower your overall interest rate, depending on the method you choose.

How Does Debt Consolidation Work?

To consolidate debt, you take out a new loan to pay off existing debts. This can be done through a bank, a balance transfer to a low-interest credit card, or by using home equity if you’re a homeowner. After consolidating, you’ll make one monthly payment, ideally with a lower interest rate.

Types of Debt Consolidation

  1. Debt Consolidation Loans: Combine debts into one loan through banks or online lenders. Pros: Simplified payments, potential lower rates. Cons: May need good credit, possible fees.
  2. Balance Transfer Credit Cards: Move debt to low or 0% interest cards. Pros: Low/no interest during promo. Cons: High rates after, possible fees.
  3. Home Equity Loans/HELOCs: Use your home’s equity to pay off debt. Pros: Lower rates. Cons: Risk of losing your home if you default.
  4. Debt Management Plans (DMPs): Credit counselling arranges lower rates and structured plans. Pros: Professional support, reduced rates. Cons: May impact credit score, possible fees.
  5. Consumer Proposals: Insolvency Trustee negotiates reduced payments. Pros: Avoids bankruptcy, legally binding. Cons: Affects credit score.
  6. Refinancing Your Mortgage: Increase mortgage to consolidate debt. Pros: Lower rates, simpler payments. Cons: Extends mortgage term, potential penalties.
  7. Line of Credit (LOC): Use secured/unsecured credit lines to consolidate. Pros: Lower rates than credit cards, flexible payments. Cons: Requires discipline to avoid new debt.
  8. Student Loan Consolidation: Combine federal student loans. Pros: Simplified payments, fixed rates. Cons: May lose certain benefits.
  9. Debt Settlement Programs: Companies negotiate to reduce total debt. Pros: Potential debt reduction. Cons: Affects credit score, less regulated in Canada.
  10. RRSP Withdrawals: Use retirement savings to pay off debt. Pros: Immediate funds. Cons: Tax penalties, impacts retirement savings.

Benefits of Debt Consolidation

  • Lower Interest Rates: Consolidation may qualify you for a lower rate, reducing the total amount owed.
  • Simplified Payments: A single monthly payment reduces stress and helps you stay on top of finances.
  • Potential Credit Score Improvement: On-time payments on your consolidated loan can improve your credit score.

Take the Next Step Toward Homeownership with JAAG Properties

Debt consolidation can simplify your finances and position you for success. If owning a home feels out of reach due to debt, JAAG Properties can help. Our Rent to Home Solutions help you work toward homeownership while managing your financial health. Contact us today to learn how we can help you achieve your dream of owning a home.

Can I Get Approved for Rent to Own After Bankruptcy?

One of the most asked questions we receive is “can I get approved for rent to own after a past bankruptcy?”. In this “Rent to Own Minute”, Alfonso Salemi addresses this inquiry and explains how JAAG Properties can help you become a homeowner.

 


Alfonso Salemi here with another “Rent to Own Minute” brought to you by JAAG Properties. And a frequently asked question that we always get is, “Should I apply, and can I qualify for JAAG’s rent-to-own program if I’ve been through bankruptcy or consumer proposal?” The answer is yes and let me explain why. JAAG has a full credit team that will work with you throughout the Rent To Own Program to increase your credit score to the level the banks and lenders require.

We have set up our credit team in order to work with the people that are currently in bankruptcy or consumer proposal or have gone through this in the past. Our credit team will perform a credit analysis, which will outline what needs to be done and the actions you can take throughout the program to achieve success. If you are willing to work with our credit team to improve your credit profile, your credit score today will not be a deciding factor for our approval. Get in touch with us today and visit the website, jaagproperties.com. We look forward to hearing from you.


Start the Process Today

Buying a home when facing a past bankruptcy can present challenges. That’s why JAAG Properties provides a Rent to Home Solution aimed at improving credit scores, along with educational resources on credit management. If you’re struggling with credit issues and aiming to qualify for a home loan, JAAG can assist. Contact us today.