** rent to own ** in london
This listing has expired and no longer available for rent
** Rent to Own **
Woodrow Crescent, London, ON
February, 29, 2024
added
$2,500
Utilities not included
| Main Features |
|---|
| House3 bedrooms1100 Sqft2 baths2 parking spotsAC Pet Friendly one-year lease |
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| Other Features |
| Has Yard Has Laundry In Building Has Dishwasher Has Fridge |
| Description |
| Great rent to own opportunity if you need a little time to qualify for a mortgage. Move in now with only 5% down and take 1 year to qualify for your mortgage to officially make it your own. Take advantage of this opportunity now while it lasts! - Wonderful bungalow - 3 bedrooms - 2 bathrooms - 1,100 square feet - Walking distance to Wilton Grove Public School The monthly payment is $2,500/month rent (+utilities) + $625/month towards your down payment = $3,125/month. That’s $7,500 in additional down payment funds towards your purchase. The balance due at the end of 1 year will be: $667,000 price - $33,250 (5%) down payment - $7,500 additional down payment = $626,250. At the end of 1 year you will need to qualify for your own mortgage with your mortgage broker / bank and then the house will transfer to you at the closing when you qualify for your own mortgage and officially make this home your own. As with all rent to own agreements, since the plan is that you will be the new owner of this home in 1 year, all maintenance & repairs will be your responsibility during the 1 year that you will be living in the house before you qualify for your own mortgage. 114 Woodrow Cr, London Please message if you are interested. |