Admittedly, Ownhome is not right for everyone. If you qualify for a mortgage and have a down payment then it won't be for you. We've identified some consumers that it is right for. The common thread between them is a strong desire to own a home and willingness to make it happen.
Ankit is an Associate at a consulting company. He earns $100,000 a year and has a credit score of 700.
His parents immigrated to Canada when he was a child.
Ankit has worked hard to put
himself through school and pay off all
his student loans.
Unlike many of his classmates, his parents don't have the financial resources to help
him with a down payment.
With Ownhome, Ankit is able to move into a 1 bedroom unit, saving for his down payment while renting.
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Michael works as a developer at a tech company. His annual income is $85,000 a year and has a credit score
of 700.
Brandon is a designer at a marketing agency. He earns $65,000 and has a credit score of 680.
The couple's take home income is $150,000 a year and has $10,000 in savings.
They're tired of paying rent and have started to think about settling down. Without Ownhome, it'll take
them 3 years of renting
and saving to have a down payment.
Michael was referred to Ownhome through a coworker. Using Ownhome, the couple is able to settle down into
their first home.
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Jane is a nurse at a local hospital. She earns $60,000 a year and has a credit score of 680.
Josh is a banker at a local bank. His income is $60,000 and has a credit score of 680.
The couple earns $120,000 a year and has $30,000 in savings.
They're stuck.
They want to get married with a small ceremony and go on a honeymoon, but they're also thinking about
saving for their home.
With
Ownhome, they're able to purchase the home they want today while also getting married and going on
their
honeymoon.
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Alex is an engineering lead at a tech company. His annual income is $150,000 a year and has a credit score
of 680.
Annie is a brand manager at a large consumer products company. She earns $100,000 and has a credit score
of 680.
The couple makes $250,000 a year and has $100,000 in savings.
Alex & Annie are ready to move into a larger home. With baby Andrew on the way they need more space, but
they
haven't saved enough for a down payment.
With Ownhome, they can buy their home today and start saving while living in their dream home. They can
also start saving aggressively for their down payment by buying back more of the home every month with
their extra income.
This way they are able to overcome the down payment hurdle and qualify for a mortgage faster. Taking
full
ownership also reduces their monthly payment. See how we calculate our monthly payment versus a mortgage
here.
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