Both Rent-to-Buy and Mortgage are viable home financing options if you don't have the cash in full, but the two are not the same. Rent-to-buy agreements combine rental and purchase options, while mortgages allow you to purchase a home via a loan you repay over a set period of time.

The path to homeownership can be complex, especially when it comes to choosing between options like rent-to-own and different types of mortgages. Rent-to-own agreements combine rental and purchase options, while traditional mortgages allow you to purchase a home via a loan you repay over a set period of time.

KEY DIFFERENCES

Understanding the differences between rent-to-own versus a traditional mortgage can empower you to make informed decisions on your journey to homeownership. There are differences between the rent to buy option and the mortgage, and we use real examples to illustrate below...

If your current verified net monthly income qualifies you for a straightforward DCANS Seller Financed Mortgage, you'll be started off on it right away. If one can make monthly repayments comfortably now and the future aside the required down payment, there's no point in starting the person off on the rental phase. 

We will only offer 100% DCANS Seller-Financed Mortgage subject to prospective homebuyers capacity and/or creditworthiness.

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