With Mortgage Financing, home ownership for new Canadians is possible.
HERE’S WHAT YOU’LL NEED:
• A valid work permit or verification of landed immigrant status
• 3 months of employment history. If you arrived as part of a corporate relocation, you are exempt from this requirement.
• A down payment of typically 5% if you have full-time employment
REMEMBER, YOU HAVE OPTIONS!
There are other ways to demonstrate credit-worthiness that lenders will recognize such as:
• Proof of 1 year’s timely rent payment history (to a non-family member)
• 12 months of payment statements for utilities, phone, cable, documented savings or insurance premiums
Canadian Mortgage Brokers have excellent relationships with multiple mortgage lenders who specialize in programs designed for new Canadians.
We look forward to helping you with your first home in Canada!
Comments