Just wanted to thank you for all your hard work and time spent helping to make our dream a reality. I hope you have a great 2012.
New to Canada Programs
New Canadians are making their numbers felt in the housing market, as they get settled and make the transition from renter to owner, with mortgage brokers helping to make that transition as easy as possible.
The most important considerations for new Canadians are credit history and down payment. If you are new to Canada and do not have any established credit, you can qualify for a mortgage with three months of employment history and by demonstrating credit worthiness to your lender in other ways:
Proof of timely rent payments confirmed by your landlord non-family member and bank statements
Bank statements showing pre-authorized payments for12 months for regular payments such as utilities, telephone, cable, insurance premiums, along with a bank reference letter
A credit report from your country of origin
Even though it is not required, it is a good idea to start establishing credit in Canada as soon as you can. A down payment of five percent is the minimum, although a larger down payment may be required.
If you are a new Canadian, we can streamline the mortgage process for you, from counseling on credit, to obtaining credit references from foreign banks, to confirming foreign income. We'll advise you on the paperwork you need to assemble to apply for a mortgage, and then present your financial history to the lender or lenders that can best meet your needs.