Good Questions
Everything families and mortgage professionals usually want to know about Stepping Stone. Don't see your question? Call or email us.
It's a referral-based path to homeownership for people who aren't quite mortgage-ready. Rent Live Own buys the home you choose, you move in now with as little as 4% down, and you work toward buying it yourself within about 2 to 5 years, with credit and savings coaching along the way.
Stepping Stone is rent-to-own rebuilt the right way: transparent terms, a locked-in purchase price, real credit coaching, reasonable extensions if you need more time, and a plan that keeps your mortgage professional involved and ends in you owning the home.
No. You can start with as little as about 4% of the purchase price, and keep saving toward the rest during your term.
Rent Live Own purchases and holds the home during your term. You buy it from us at your pre-set price once your own mortgage is approved.
Neither. It's a referral-based homeownership service. It is not a mortgage, not a loan, and not an investment or security.
It's designed as a referral-based model, not a brokerage service, so you refer rather than arrange financing. It's built to fit within FSRA referral guidelines, but you should always confirm your own obligations with your brokerage and E&O provider.
No additional licensing is typically required, because you're referring to a third-party service provider. Verify the specifics with your own provider.
Yes. Clients work with a licensed realtor to choose a home within approved parameters, similar to shopping with a pre-approval.
Your client stays your client. If a realtor referred them to you, that's the realtor we'd recommend they work with.
Any referral compensation is disclosed by Rent Live Own directly. And yes, the whole point is that your client comes back to you for their mortgage when they're ready.
Refer your client through our referral form or give us a call. We handle qualification, education, and documentation from there, and keep you in the loop.
Yes. Your buyer chooses their home with you, just like any purchase, within approved parameters, similar to shopping with a pre-approval. You write the deal.
Rent Live Own purchases the home your buyer selects and holds it during the term. Your buyer moves in and buys it from us later with their own mortgage.
That's the idea. Your client stays your client. When they're ready to buy the home at the end of the term, you can represent that purchase as well.
If your buyer doesn't have a mortgage professional, we work with them to get mortgage-ready. If they came to you through a broker, that broker stays in the picture.
You're representing a client in a real estate transaction, as usual. Rent Live Own is the purchaser and the program provider. As always, confirm your obligations with your brokerage and RECO, and your client is advised to get independent legal advice.
Ontario, with Sudbury and Northern Ontario as our home base, plus select markets across Canada on a case-by-case basis. Ask us about your area.
No Pressure · No Obligation
Find out if Stepping Stone is the right path to owning your home. It's free, there's no obligation, and a real person will walk you through it.
Prefer to talk? Call or text 705-482-1759
Tell us a little about your situation. It takes about a minute, there's no cost, and no obligation.
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