|FAQS - Believe in your potential to be a homeowner!
Frequently Asked Questions
Do Not Sign Another Rent Check Until You Consider.
Our promise to you: We Can Help You Own Your Own Home, Right Now, Regardless Of Your Current Financial Circumstances!
If you don't see the answer you're looking for, or if you would like a more detailed explanation, please contact us.
Dear Future Home Owner,
We are local real estate investors and we have a very exciting promise for you. You can stop flushing away rent money every month, which just makes your landlord rich, and buy a home of your own from us right now.
Imagine ... a home of your very own! A fenced yard for the kids. A garage for your car. Enough room for all your things. All on a quiet street! Privacy! Comfort!
Because prices are low and if you can qualify, interest rates are the lowest in
five decades and if you can't qualify we may owner finance or lease option to you
and help you get your credit cleaned up while you live in the home.
What About Credit Problems?
Even if you don't have good credit or you are self employed, we can help. Whatever your current situation, there's probably a home loan that's just right for you and we'll walk across hot coals to get you in one of our lovely houses, even if it means financing you ourselves.
Will I Need A Big Down Payment?
It depends, you will need a downpayment, however, the amount varies and we have a down payment assistance program to help you in building a larger down payment and live in the home until your ready to get financed.
Every month that you wait, you flush your hard earned money down the toilet; renting is wasting money. You make your landlord rich, but you do nothing for yourself. But by putting those dollars into a house payment instead of rent you create equity ... value that you own, that later can send your kids to college, finance the startup of your own business, or pay for your retirement.
Be your own landlord and build up future financial security. We'll even show you easy strategies to speed up the payoff of your home without making extra payments.
There's no reason to wait. We can put you in a home right now. Switching from renting to home ownership can help you go from being in debt to your landlord - to becoming financially secure. You can use home ownership as the foundation of a complete change in your overall finances!
Being A Homeowner Just Makes You Feel Good
In addition to the smart financial reasons for buying your own home instead of renting, you'll feel better about yourself and your life. You'll provide a safer place for yourself, your spouse, and your family. You can decorate your home just as you please. You'll enjoy having people over to your home.
Will I Have To Settle For A Home I Don't Love?
Our inventory of available homes is constantly rotating. You may be surprised at how much home you can afford with our loans and financing strategies.
How Do I Qualify For The Program?
The process is quite simple. If you have reliable employment with income to support a monthly payment and you are able to be honest with your credit history, you may qualify for one of the programs we offer. We are not affiliated with any lending institutions; therefore we are able to work with people on an “individual” basis. We feel everyone deserves a chance to “Discover their Potential to be a Home Owner”. Fill in an application and “Discover your Potential”.
My Credit Is Pretty Bad; Can I Still Qualify?
It depends on ones individual situation. All we ask is that you are upfront about your current credit history. At Home Purchase Assistance Canada Inc. our very success is measured against your success.
I’m A New Arrival To Canada Can I Still Qualify?
Absolutely! At Home Purchase Assistance Canada you are indeed able to participate I our programs. Arriving with no credit history should not penalize you from attaining home ownership. With the “assistance” of a Credit Specialist, we will do our best to help you establish a good credit rating with the two credit bureaus of Canada.
Do I have To Have All Of My Deposit Money Up Front?
No. Depending on the property and your personal credit situation, we may accept a payment schedule that is stretched over a number of months. Each application is reviewed and approved on an individual basis.
How Long Does The Paperwork Take?
If you have submitted a completed application, it usually takes up to 5-10 business days to approve. We require everyone involved in the purchase, for example spouses and common-law spouses to complete a separate application, this will ultimately improve your chances of qualifying.
How Quickly Can I Move Into The Property?
You can move into the property as soon as the Lease to Own contract has been signed and you have provided us with the required Lease Option Deposit.
If purchasing a property through our Pride of Ownership Purchase Program™ or our Discover your Potential Purchase Program™, you may take possession as soon as Home Purchase Assistance Canada gains legal possession of the property.
Can I Have Pets?
Yes. Conforming to city Bylaws. Remember, you are not just renting, you have an ownership stake in the property.
Who pays for property taxes, insurance and condo fees?
All our payment plans are all inclusive: structural (building) insurance, property taxes and condo fees (if applicable) are included. This service is provided by Home Purchase Assistance Canada Inc. to ensure all payments are made in a timely manner.
Who pays for the regular maintenance of the property?
You do. You will be the direct beneficiary of any improvements you make, as they will increase the value of your investment. As you benefit from improvements you make, so are you also responsible for your home's maintenance. Please remember that all homes require periodic maintenance, so this should be budgeted for when considering the monthly payments.
Does It Matter If I am Self-Employed Or Work On A Commission Basis?Not at all, it’s our pleasure to assisted self-employed and commission-based people to become homeowners. Our qualification process is very flexible and takes into account that your income may not always be guaranteed.
Here's how it works! Click on the Properties link in our menu to see the homes that are currently available. We own all these homes and can probably give you the lockbox code to get in to take a look without us breathing down your neck. When you find a home you like, just complete the "Contact Us About This Property" form which is located at the top of every property listing page and usually within 24 hours, we will be on the phone with you, discussing what type of financing we can do for you as well as your desired terms. To start this process, there is no cost to you or obligation and we don't even have to meet unless you choose to buy.
We keep it simple, easy, hassle free, without obligation, and strictly confidential. There are not very many people we can't get financed. As we said above, sometimes we can even finance you ourselves and eliminate the banks altogether. This is serious business to us, and if you're serious about buying, we're serious about getting you into home of your own. This is a rare and special opportunity to work with the actual owner of a home who also has unique abilities and the skills to get you financed.
Check out our properties if you don't want to rent for the rest of your life.
P. S. We only have a few homes available at any one time and we get tons of visitors to this web site and phone calls to our office daily. Obviously, these homes won't be on the market long. Even if you're too late for one of these houses or you don't like any of them, if you wish, we will still add you to our buyer's list and contact you in the future when something new becomes available. However, if you don't click here to start the process, you won't make the list.
Believe in your potential to be a homeowner! ™