Rent-To-Own
Welcome to...
Our page on rent-to-own programs in Canada! Here, we’ll provide you with all the information you need to know about rent-to-own programs, how they work, and whether they’re the right choice for you.
What is a rent-to-own program?
A rent-to-own program is a type of housing agreement that allows renters to rent a property with the option to purchase it at the end of the lease period. Rent-to-own programs are typically offered to individuals who may not have the financial means to purchase a home outright or who have a poor credit history.
How do rent-to-own programs work?
Rent-to-own programs work by offering renters the opportunity to rent a property for a set period of time, usually two to five years. During this time, the renter pays rent and often an additional monthly fee, which is put towards the eventual purchase of the property.
At the end of the lease period, the renter has the option to purchase the property at a pre-determined price. If the renter decides not to purchase the property, they may forfeit the additional monthly fee they paid towards the purchase of the property.
Are rent-to-own programs right for me?
Rent-to-own programs can be a good option for individuals who may not have the financial means to purchase a home outright or who have a poor credit history. Rent-to-own programs can also be a good option for individuals who want to try out a neighborhood or property before committing to a purchase.
However, rent-to-own programs can come with risks, including the possibility of losing the additional monthly fee if the renter decides not to purchase the property. Additionally, some rent-to-own programs may have higher monthly fees and interest rates than traditional mortgages.
How can I find rent-to-own programs in Canada?
Rent-to-own programs are offered by a variety of companies in Canada. You can find rent-to-own programs by searching online or by contacting a real estate agent who specializes in rent-to-own programs.
It’s important to carefully review the terms and conditions of any rent-to-own program before signing a lease agreement. Make sure you understand the monthly fees, the purchase price of the property, and any other terms and conditions of the agreement.
Simply put...
Rent-to-own programs can be a good option for individuals who may not have the financial means to purchase a home outright or who have a poor credit history. However, it’s important to carefully consider the risks and benefits of a rent-to-own program before signing a lease agreement. If you’re considering a rent-to-own program, be sure to do your research and consult with a real estate professional.
We Offer A Range of Solutions For All Your Rent-To-Own Needs!
A home equity line of credit or HELOC is a line of credit taken out by a borrower to access the equity in their home. The amount you can access is based on the amount of available equity in your home, which is determined by subtracting the appraised value of your home relative to any existing mortgages. The more equity you have available, the larger the line of credit amount you can qualify for. Whatever the reason you have is for needing to access your equity, HELOC loans are a great solution that allow you to access equity with flexible terms and payment options.
Why Choose Burke Financial
While many financial institutions may offer 2nd mortgages in Ontario, finding a lender that fits your personality and your financial needs is easier said than done. That is unless you have a mortgage brokerage specializing in precisely that.
Burke Financial is an experienced mortgage broker that will help you get the best interest rate for your situation. We access our vast network of private lenders, MICs, banks, and investors to find the right match. We invest our time and resources with as much care as you’ve put into owning and maintaining your home.
At Burke Financial, we understand that taking out a second mortgage in the GTA and other cities across the province is a big deal, and we don’t take it lightly. We have ample industry experience helping people from all over Ontario get the best mortgage rates and will do everything to make sure you get the best possible deal.
Our team will help you weigh your options and identify the right type of mortgage product for you. A 2nd mortgage might be the right solution for you!
We’re always happy to answer questions to help our clients better understand the process. Apply now to get in touch with one of our mortgage broker specialists.
Burke Financial Mortgage Success Metrics
Mortgage success metrics show how Burke Financial delivers real results across Ontario. These figures reflect total loans funded, interest saved, and satisfied clients. By sharing these numbers, we demonstrate the measurable impact of our work for homeowners seeking flexible, fast lending solutions.
Learn more about how we help homeowners across the province on our Communities We Serve page. These results continue to grow as we help clients access the equity they need.
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Millions in Loans Funded
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Millions Dollars Saved for Clients
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Happy and Satisfied Customers
These figures represent more than just totals, they reflect the trust thousands of Ontario homeowners place in Burke Financial. Each approval means a family secured funding, reduced stress, or avoided unnecessary penalties from traditional lenders. Our ability to work with alternative lenders allows us to provide solutions that others may not, helping clients with urgent needs, complex applications, or non-traditional income. As the market evolves, we continue to grow our network and improve our process to serve more communities. Burke Financial remains committed to transparency, speed, and delivering consistent results.
This FAQ covers common questions Ontario homeowners have about working with a mortgage broker.
Licensed financial professionals have the tools to secure the lowest rates and customized payment plans. Working with a broker saves time and helps you access the most competitive mortgage solution.
A mortgage broker acts as the link between you and the lender; in addition, they handle paperwork, negotiate rates, and match you with the best loan for your goals.
Your broker collects key documents, checks credit, and verifies employment before submitting one complete application to multiple lenders. As a result, they handle negotiations, conditions, and coordination to ensure a smooth closing.
Fees vary depending on your unique situation and the financing solution you choose; therefore, it’s best to request a personalized estimate. Contact us today for a personalized estimate of what your costs are likely to be.
Owning a home is a major investment; as such, the right broker can make all the difference. At Burke Financial, we connect Ontario homeowners with trusted lenders and fast, tailored solutions.
We offer mortgage broker services, with a specialty in subprime mortgages, across the province of Ontario.
At Burke Financial, we offer personalized mortgage solutions tailored to each homeowner’s needs. We focus on flexible terms, fair rates, and clear guidance to help clients achieve lasting financial stability.
As an industry-leading Mortgage Brokerage, we leverage our vast network of banks, institutions, MICs, private lenders, and investors to connect our clients with some of the best lending options.
Even if your credit score is below 650, our vast lending network still enables us to secure approvals for complex applications. We negotiate on your behalf to get you the most competitive rates and terms.
With our quick turnaround times, we can put money in your pocket in as little as 48 hours.
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We proudly serve homeowners across Ontario.
Burke Financial works with homeowners in communities across Ontario, providing mortgage solutions tailored to each region’s needs. Whether you’re located in a large city or a smaller town, our team understands local real estate markets, property values, and financial challenges unique to your area. We focus on delivering fast approvals, flexible repayment options, and alternative lending access where traditional banks fall short.
- Ajax
- Cambridge
- Kitchener
- Peterborough
- Thunder Bay
- Barrie
- Greater Sudbury
- London
- Pickering
- Toronto
- Brampton
- Guelph
- North Bay
- Sault Ste. Marie
- Waterloo
- Burlington
- Hamilton
- Oshawa
- St. Catherines
- Whitby
- Caledon
- Kingston
- Ottawa
- Thorold
- Windsor
Learn more about Ontario property taxes here.
Contact Us
Today
Have questions about your mortgage options? Burke Financial is here to help. We offer fast, flexible lending solutions to homeowners across Ontario, whether you’re consolidating debt, funding a renovation, or navigating credit challenges.
Our licensed team specializes in alternative lending, with most approvals completed in just 24 hours. You’ll receive clear guidance, quick communication, and a personalized plan that fits your financial goals.
Contact us today for a free consultation and take the first step toward the right mortgage solution for you.
