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How It Works

Vancouver is truly an amazing city. The steps to your home ownership are listed as following:

  • Find yourself a desired property – either one of our listings or any other listings in lower mainland.
  • Call 1 (778) 229 – 8308 or contact us through E-mail. 
  • We will assess the property
  • We will gather investment funds, bank loan, closing fees and non-refundable 5 percent down payment if it is one of our own listings, 10 percent otherwise, from you. 
  • We will sign a 3 – 5 years lease term with you.
  • We will then get the bank loan and secure the property under the ownership of Apex Western Homes LTD
  • The monthly mortgage payment from you will be proportionally distributed to both principal and interest. 
  • The home-ownership of the property will be transferred to you by the end of the lease. 

Frequently Asked Questions ( FAQ )

Eventually, when the lease term ends. Yes. We will hold the home-ownership for the first 3-5 years. The reason is that we want to secure the most competitive mortgage rate for you. Therefore ,we will need to purchase the property and secure a bank loan on behalf of you. In this way, we will be first-positioned and obtain a good mortgage rate with our extremely good credit from Major banks and offer you a highly competitive mortgage rate as a result.
Yes. That would be part of the agreement. You will exercise every right as if the house is fully entitled to you. 
The initial down payment varies depending on the situation. The higher the down payment, the lower the mortgage rate is going to be proportionally.   
The mortgage rate is always negotiable, and it varies depending on the situation. We offer much more competitive mortgage rate than other lenders in the secondary mortgage industry.  The maximum mortgage rate is 5 years fixed posted rate + 2 percent.
The most important question is what makes you think you are not able to secure a bank loan in 3/5 years.

  •  Insecurity of not obtaining PR status in time

     Solution:  Extend the lease agreement   for a longer period.

  •   Damaged credit history

     Solution:  We would recommend credit counselor to help you improve your credit.

Our goal is to let you own the home-ownership. However, if you could not continue to support the monthly payments. There are some options to consider

  •   You could look for the interested individual who is willing to take over your lease.

  The property will be taken back for further actions. 

No. Our Rent to Own Program is applicable to any property in lower Mainland. Please note that only 5 percent down-payment is required if the property is one of our own listings ; 10 percent down-payment is needed otherwise.
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