(Newswire.net — November 16, 2018) — The company offers a structured lease-to-own path to home ownership for those who do not qualify for traditional mortgages.
Medicine Hat AB lease to own firm Little Pink Houses of Medicine Hat announced the expansion of its Executive Lease Purchase to benefit individuals and families who do not qualify for traditional house ownership plans. The program has been expanded to help self-employed and new immigrant individuals and families.
More information about Little Pink Houses of Medicine Hat is available at https://www.littlepinkhousesofcanada.com.
Data published by the Medicine Hat Real Estate Board indicates a positive trend in the city’s home ownership market. Average semiannual residential sales have improved by approximately 38.2 percent in the period between October 2017 and October 2018. The steady revival of the local real estate market is expected to boost home ownership and refinancing.
The Executive Lease Purchase by Little Pink Houses of Medicine Hat works with first-time or second home buyers and people who have suffered financial distress or other adverse life events. The expanded scope of the program aids individuals and families whose financial position as business owners or new citizens precludes traditional home purchases. The firm’s custom lease-to-own program connects buyers to sellers and establishes a lease and purchase agreement.
The customized contract empowers buyers by establishing mutually agreed affordable lease and ownership terms. Buyers have the assurance of a structured purchase plan with predetermined payments and pricing for a specified period, after which the buyer obtains a traditional mortgage. Little Pink Houses of Medicine Hat reports that most homes under the program move to traditional ownership channels within a year.
The program ensures buyer and seller safety through the systematic multi-point verification of a buyer’s job history, payment patterns, income, debt-to-income ratio, financial commitments and other pertinent qualifying criteria. Buyers requiring credit rehabilitation are supported through credit repair oversight or direct credit repair through the company.
According to a spokesperson for the southeast Alberta home ownership firm, “We are delighted to offer our program to entrepreneurs, new immigrants, and the self-employed in and around our city. Our innovative home ownership solutions are customized to special circumstances such as variable income and credit repair with a view to enabling expeditious, affordable, and secure ownership.”
Little Pink Houses of Medicine Hat is a specialized lease occupancy to ownership firm operating in southeast Alberta. The company’s team of real estate professionals have more than 50 years of combined experience in the real estate and home ownership sector. More information is available at the URL above.