Frequently Asked Questions- Rent To Own Program

IBHF offers a Complete Home Ownership Plan. Our mandate is for you to own a home.

We offer our Buyers free credit counselling and at any given time are working with 30+ banks to help you get the best possible mortgage . This is your opportunity to enjoy the Canadian Dream and own a home.





Q- How Does Rent To Own Work?
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We put a large portion of your monthly rent "rent credit" towards the Down Payment of the home. After reviewing your credit bureau we will discuss ideas to help you qualify for a mortgage with the bank and if permissible we can also assist with the downpayment at the time of purchase.


Q- What Does Rent Credit mean?
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The Rent "Credit" is the portion of the rent that we put away each month as an incentive to help you save for the down payment on the home. If the rent credit is $300 then after 12 months you’d have an additional $3,600.00 towards the down payment. It’s a forced savings that you never had.


Q- How Long Is The Rent To Own Term For?
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In many instances we have been successful at helping families buy homes in as little as 4-6 weeks but the term will depend on your situation. In most cases the term is 12-18 months but we will also try to help you own the home sooner.


Q- We Have Bad Credit Does That Matter?
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We work with people with all sorts of credit issues. After reviewing your situation together we will discuss ideas of what needs to be done to help you own a home.


Q- Do We Need A Down Payment?
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We only require 1st month’s rent. Any additional money you can raise above first month's rent will all go towards the Down Payment for the home.


Q- When Can We See The Home?
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We can set up a viewing right away. Contact our client services to set up an appointment. Our houses don’t last long so don’t take too long deciding if you’d like to own a home or not.


Q- We Have To Give 2 Months Notice Can You Still Help?
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Most of our homes are vacant and available now. If you lose your last month’s rent we can make arrangements for that lost rent amount to be reimbursed with your new home purchase. We don’t want you to lose an opportunity to own a home because you need to give notice.


Q- What Is The Selling Price?
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The selling price is set within the term before you move in so there are no surprises when the time comes to purchase the home. We also have incentives for families that work hard to get a mortgage quickly.


Q- Do We Get Rent Credits Back If We Don’t Purchase?
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The rent credit is for incentive purposes only to help you purchase a home. The rent including the credit is fair market rent for this great opportunity and in many cases the rent barely covers our expenses. We will do everything in our power to help you purchase this home. If you decide not to purchase the home then that would be your choice.


Q- Can We Just Rent The House?
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We are only looking for people who would like to own a home. Why only rent when you can own?


Q- Who Pays The Taxes And/Or Condo Fees?
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We pay the taxes and condo fees.


Q- Are Utilities Included?
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We pay the mortgage, taxes, home insurance, and condo fees if applicable. The utilities that your family consumes would of course be your own expense.


Q- Who pays the Mortgage?
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We pay the mortgage until we are able to help you purchase the home. You are responsible for paying the rent, maintaining the house, and improving your credit worthiness.


Q- What Happens If We Can’t Purchase 'within' the Term?
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We can extend the term with an updated renewal agreement assuming you have been paying your rent on time, looking after the home and you're showing credit improvement.


Q- Is This Website Secure To Send My Personal Info?
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Yes, This Web Site is secured with a Starfield Technologies Web Server Certificate. Transactions on this site are protected with upto 256-bit Secure Sockets Layer encryption.