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.
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.
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.
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.
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.
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.