Referral Partners
How Co-Own My Home Partners with Realtors, Mortgage Agents and Brokers
Co-Own My Home will earn your trust!
Have you faced disappointed clients that cannot qualify to buy in the Ontario market today due to home prices, interest rates or qualifying regulations?
Let’s work together to provide a solid client solution. Together we can provide clients with alternatives to renting and get them into home ownership.
How Co-Own My Home Partners with Realtors
Realtors can contact Co-Own My Home and speak with our Realtor consultant about their client’s wants and needs. If you feel our program is a match for your client, you can then have them complete an online application.
Your client will then be pre-qualified and authorize the Co-Own My Home client contract. Following this, your client is then introduced to a compatible co-owner buyer partner candidate/s with similar wants and needs. This can take time, patience is key.
Once both co-owner buyer parties confirm they are ready to move ahead and begin co-ownership real estate hunting, you will be contacted by our Realtor consultant who will provide you with the contact info for both buyers. You will have two buyer clients for life, not one. The Realtor consultant will require a nominal referral fee on closing.
Co-Own My Home will use the services of a recommended experienced mortgage broker that both buyer parties have agreed to use. The agent/mortgage broker’s contact info will be provided to you and will work with you to affect a smooth closing.
Mortgage lenders will require the co-ownership property to have separate entrances, kitchens and bathrooms. The co-ownership property does not necessarily need to be a legal duplex to meet mortgage lender requirements.
Co-Own My Home provides a fee based introduction service; it is not a licenced Realtor, mortgage agent/broker accountant or solicitor.
How Co-Own My Home Partners with Mortgage Agents and Brokers
Most Ontario residential mortgage agents and brokers have had the disturbing task of turning down solid clients wanting to buy because they exceed GDS(Gross Debt Ratio) or TDS(Total Debt Ratio). Without a down payment or income assistance, mortgage specialists are forced to close the file on clients usually due to income challenges.
Keep the file open and contact Co-Own My Home to discuss alternative home buying options.
Co-Own My Home is redefining real estate by introducing co-buyers and pooling their down payments and incomes to allow for a house purchase. Lenders require the subject co-ownership property to have separate entrances, kitchens, and bathrooms. Buyers are essentially renting from themselves while paying down the mortgage and hopefully gaining 100% of any equity increase.
Our recommended mortgage consultant will work with you; contact us to discuss our process. We expect pre-approvals to be backed up by credit checks and obtaining documents up front.
In the event your client was referred by one of your Realtor partners just let us know and we will cover that off. We do not want to create problems for you and your Realtor source.
Co-Own My Home provides a fee based introduction service; it is not a licenced Realtor, mortgage agent/broker accountant or solicitor.