Buying in Ontario

[Lynn67]

Hi, does anyone know how long I need to live in Canada before I can apply for a mortgage?

 

[steaky]

Hi, does anyone know how long I need to live in Canada before I can apply for a mortgage?

You don't have to be living in Canada in order to apply for a mortgage.

 

[Cornerstone]

There are special financing program for new immigrants according to my mortgage broker.
I will strongly advise that you work with a well qualify mortgage professional to save you
a lot of hassles and money. If you need referral send an email to davidsolution @ rogers.com

 

[Badal789]

Hi, does anyone know how long I need to live in Canada before I can apply for a mortgage?

Non Canadian can buy property and entitled to get maximum 75% mortgage means you have to invest minimum 25%.

From Badal789, Bangladesh

 

[Loving_Toronto]

Dear Lynn,

Depending on your down payment, you can obtain a mortgage right away. At 35% down, you don't need to produce proof of income. At a down payment of between 5%-20%, the lender wil look at your current work contract and may release funds. It's definitely best to seek the help of a mortgage broker as they will seek out all possible options for you. I'm a long time real estate agent here in Toronto and would be happy to answer any further questions or put you in touch with some great individuals in the business.

Feel free to contact me @ alinapock@gmail.com

 

[attiehl]

Hi,

I'm a real estate agent based in Toronto and I can assist you with mortgage and property search.

For any further info,feel free to call me 1 647 701 27 41


BR
Rose

 

[yashpatel]

Dear Lynn,

Depending on your down payment, you can obtain a mortgage right away. At 35% down, you don't need to produce proof of income. At a down payment of between 5%-20%, the lender wil look at your current work contract and may release funds. It's definitely best to seek the help of a mortgage broker as they will seek out all possible options for you. I'm a long time real estate agent here in Toronto and would be happy to answer any further questions or put you in touch with some great individuals in the business.

Feel free to contact me @ alinapock @ gmail.com

Hello,

I have found that newly landed immigrants can get their first home in very little down payment as little as 5%.

And condominium prizes in some regions of Brampton and Mississauga are very affordable. say for example, for 2 BHK it is $45000-$70000. I have found this info in websites like kijiji.ca and REMAX.

Are these things true ? Because, I am planning to buy a condominium in these regions initially.

Regards,
Yash

 

[scylla]

Hello,

I have found that newly landed immigrants can get their first home in very little down payment as little as 5%.

And condominium prizes in some regions of Brampton and Mississauga are very affordable. say for example, for 2 BHK it is $45000-$70000. I have found this info in websites like kijiji.ca and REMAX.

Are these things true ? Because, I am planning to buy a condominium in these regions initially.

Regards,
Yash

Any condo that is going to be on sale for that price is going to be a bad condo. You should visit it in person before you buy. You should also have a real estate agent take a look at the status certificate, maintenance fees and reserve fund. There are a few condos in Toronto that have been badly maintained over the years and are now selling very cheaply because they are in very bad shape and a lot of extra money is going to be required from owners to pay for the fixes needed.