Mortgages

A significant majority of first-time homebuyers feel overwhelmed by the sheer variety of options available when it comes to purchasing a property in Canada. Admittedly, the journey to owning the house of your dreams is seldom devoid of meticulous planning as well as weeks of hard work, not to mention the gripping anxiety, but it also rewards you with all the heart-thumping excitement and truly unmatched pride as you progress towards the destination.

At Clover Mortgage, we understand that buying real estate is one of the most critical decisions in your life, and our professionals are committed to assisting every first-time borrower like you in this endeavor to the best of their abilities. Whether you have average or even bad credit, we are happy to accompany you in your homeownership journey with our expansive array of low-rate mortgages.

You must start saving as much as possible from today if not already for the down payment as well as miscellaneous expenses concerning your upcoming property purchase. Note that the sum of money you agreed to offer the seller decides how much you will have to spend for the down payment on that particular property. However, if you have always believed that only the rich could afford to buy a freehold property, and if this has prevented you to create a corpus for home buying (to help finance 5% to 20% of the purchase price of your dream home), you are not alone!

Even today, a considerable majority of Canadians are not aware of the various federal as well as private lending programs that first-time property purchasers like you are entitled to, such as the First-Time Home Buyer Incentive offered by the Government of Canada. For the uninitiated, it is essentially a shared-equity mortgage where the government is accountable for financing 5% to 10% of the purchase price of your first owned property in the country, which effectively translates to a zero-down payment for the buyer! Furthermore, you may also apply for the first-time homebuyer tax credit.

Nevertheless, if you are not able to qualify for the said federal program for whatsoever reason, do not lose hope. We have a plethora of inexpensive home loans and the nicest thing about obtaining one from Clover Mortgage is that you will be able to apply to several lenders simultaneously after signing up with us. Our company has networked with as many as sixty top financiers since inception and counting!