Rent to Own Home Mississauga, Port Credit, Oakville

Your dream of home ownership can come true. If you're looking for Mississauga condo rental listings and are resigned to paying away monthly rent leaving you with no lasting equity, home programs and financing offers are available.

The Bank of Montreal and Genworth Financial provide services related to mortgage financing for new immigrants to Canada. Review the new immigrants home ownership program details and if you qualify, contact us and we'll forward your application to our BMO representative who is knowledgeable about these programs.

Your next Oakville condo, Mississauga condo, Port Credit rental, or Brampton condo rental could be yours to own.

Information on Mortgage Options

Open

• Prepay as much as you want or completely pay out at any time without charge.*

Closed

• Make regular payments and perhaps limited prepayments
• Offers a lower interest rate than an open mortgage of the same term

Convertible

• Offers a lower interest rate than the open mortgage of the same term.
• Option to change to a closed term of one year or longer without charge**

Fixed Rate

• Interest rate stays constant to the end of the selected term

Variable Rate

• Interest rate fluctuates with the Bank’s prime lending rate
• Payments generally remain the same
• The amortization period is the number of years required to repay the mortgage (both principal and interest). The amortization period may vary with fluctuations in Bank of Montreal's Prime Rate: it may be longer if interest rates have risen since the start of the term, or shorter if interest rates have fallen since the start of the term.

Choosing a Mortgage Term

We offer a wide range of terms from 6 months to 18 years. The length of term you select depends on your comfort level with the possibility of interest rates rising and the importance of a stable mortgage payment to your budget. As a general rule:

• Shorter terms are usually attractive if you believe interest rates will drop by the time you’ll be selling your home.
• Longer terms are preferable if stability of mortgage payment amounts is important to your budget.

If you're worried about interest rate volatility, consider locking in for at least three years.

Contacting Other Mortgage Experts

You will need to build your real estate team. Your basic team consists of Real Estate Agent, Mortgage representative, Lawyer, Home Inspector and Insurance provider. Ask Damir for a quality referral to these experts.

Houses for Sale

Finding great houses for sale is a rare commodity and you should be aware of the opportunity to buy a house anywhere in Mississauga. Mississauga's exclusive location on the shores of Lake Ontario and its excellent quality housing stock make it prime real estate for living and for investment. If you're interested in houses for sale in Mississauga, send an email to Damir. When opportunities come available, he can contact you.