We know life sometimes delivers challenges that can be hard to rebound from on your own. It could be a divorce, bankruptcy, consumer propospal, loss of job, work place injury, new to the country, self-employed or some credit related challenges that have you behind the proverbial “eight ball”? These challenges could be making it difficult to get a mortgage, but they don’t have to bind you to a lifetime of renting. You can rent to own instead, our Rethink Renting Program is a very viable option for those that can’t get a mortgage today but are willing to work towards getting approved in the near future while living in their own home that they select. Homeownership is closer than you think.
Our Rethink Renting Program is designed to help families improve their financial standing and get them on the path to homeownership when the banks say “no” today. Some of the situations we can help you with are:
We require a minimum down payment of $10,000 up to $350,000 of house or 4% of total price of the home if the home is over $350,000. So a $400,000 will require a bigger down than a $300,000 house. This is 100% credited towards your purchase of the home. Your down payment is required at the time we have the home inspection.
Ran into credit issues? Filed a bankruptcy or consumer proposal? Ran into some late payments due to job loss or divorce? No problem. Rent to own provides you an opportunity to get into the home you want to buy today while giving you the TIME to REPAIR credit issues so you qualify for your mortgage at the end of the rent to own.
Self-employed people know the challenges they face with declared income etc. Get the time you need to declare the income required to qualify for your own mortgage while you build equity in the home that will eventually be yours!
One of the biggest challenges new Canadians face is that they do not have established income. Rent to own lets you enjoy pride of ownership now and gives you the time needed to establish your credit history
Divorce doesn’t have to be a rent-sentence. We are grateful to be able to help many people who have gone through a divorce get back on their feet and provide their families with a stable home environment. Time heals all wounds and also does wonder for improving credit and building up a bigger down payment.
When we were declined for a mortgage, we started researching other options and came across rent to own. Thanks to Clover Properties for taking a chance on my family just when we thought no one would and for making our dreams a reality.
Stacy and Tom, Oshawa, Ontario
This is your opportunity to meet the founders of Clover Properties that are still "hands on"today!
Rachel & Neil Oliver created and built a home ownership program that works. So much so that it's become Mortgage Alliance Parter Approved. Have a listen from a family just like yours.
Why Rent To Own? Why Now?
I guess the question is...with prices rising annually why not take advantage of a plan that works while reducing your debts and building a higher down payment!
How Long will I Rent to Own? How to Apply?
As a Mortgage Agent for Mortgage Alliance, I work directly with you and for you to get you properly "Packaged to Purchase" in any scenario. In this program I send your information to Clover Properties. Both Clover Properties and I work with Real Estate Agents in the community to bring your home ownership to fruition.
What Happens when I decide to Rent to Own a Property?
What will my Monthly Payments be to Rent to Own a property?
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