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So far Clover Properties has created 17 blog entries.
30 07, 2018

Can’t Qualify for a Mortgage Today? Know Your Options!

By |2018-07-30T18:54:10+00:00July 30th, 2018|rent-to-own|0 Comments

Have you tried to qualify for a mortgage (or just plain out know you won't qualify) and were told that you needed a down payment you don't have or needed better credit?  More and more families are finding this to be their truth. So what are your options? Renting Yes, again.  Some feel that this is [...]

30 04, 2018

How the Stress Test is Impacting Millenials

By |2018-04-30T11:26:03+00:00April 30th, 2018|Stress Test|0 Comments

The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of 2018. A report from Royal Le Page calculates that nationwide, a peak millennial with a median salary of $38,148 has a maximum homebuying budget of $203,246. This includes a [...]

6 04, 2018

What is Canada’s Benchmark Rate?

By |2018-04-06T17:51:32+00:00April 6th, 2018|Benchmark Rate|0 Comments

The Benchmark Rate The benchmark rate is a rate that lenders are required to use to qualify mortgage borrowers in Canada who want a variable rate mortgage or a mortgage term of less than 5 years. The benchmark rate made headlines in the early part of 2010 when the Government of Canada announced new rules for lending [...]

7 02, 2018

Rent vs Home Ownership (Rent to Own)

By |2018-02-07T12:38:54+00:00February 7th, 2018|Uncategorized|0 Comments

Shelter is one of the most basic of necessities. In general, people can either rent, buy or rent to own a place to live. Home ownership is often idealized, but it is not without its own pros and cons. Because financial situations vary from one person to the next, owning a home may be ideal [...]

7 12, 2017

Debt Management – How it Affects Your Credit Score

By |2017-12-07T13:23:00+00:00December 7th, 2017|Credit, Credit Cards, Credit History, Credit Repair, Credit Report, credit score, Debt, Debt Consolidation|0 Comments

Everyone and their mother in credit repair will preach to you that paying down or paying off your credit cards is a good idea (keeps interest lower and helps improve/maintain your good credit standing) BUT did you know that you shouldn't close credit card accounts once they are paid down? Paying off credit cards is [...]