Mortgage in Canada?

[Rosie Lee]

I read online that immigrants ae generally able to obtain a Mortgage if they can put down 35% of the purchase price, even if they don't have a job offer. 8) Does anyone know how difficult it is to get a Mortgage in Canada or have any experience of doing so? Thanks in advance.

 

[muffy1]

I don't have any experience, but I know a number of banks have "new immigrant" programs as far as mortgages, chequing accts, etc. If you haven't done so already, it might be something worth looking into. Hope that helps.

 

[steaky]

Better to check with the banks.

Banking (mortgage) terms and policies changes from time to time. Good luck

 

[Rosie Lee]

Thank you guys. I believe your correct about the new immigrant programs. The requirements are a little different, but just as strict.

 

[jerry2121]

Find out from banks first. The new new immigrant assistance helps but not much unless u have a lot of $$$$$ to put down. If u hang on for 1 or 2 yrs, build credit and apply, u will get approved. They are strict than the States but still can be done. Let me know if u have questions...

 

[Cornerstone]

It can be done. Send me an email at davidsolution@rogers.com.
I'll give you the person to contact...

 

[future2010]

Hi,

I came to Canada last Year and I bought my first home with 35% down payment after three months of arriving. It is possible.

I am a mortgage agent in Windsor Ontario.

If you are interested in buying a house, I can help you get the mortgage.

Send me an email if interested

Enrique

 

[emceemouli]

Hi,

I came to Canada last Year and I bought my first home with 35% down payment after three months of arriving. It is possible.

I am a mortgage agent in Windsor Ontario.

If you are interested in buying a house, I can help you get the mortgage.

Send me an email if interested

Enrique

I came last year and I put 5% down and got a mortgage for 2.99% 5 yr fixed....Scotia is too goood

 

[future2010]

Hi,

There are many programs and definitely you can purchase with 5% down payment as long as you have a job and credit history.

Now you can buy a house like I did without having a job or credit history as long as you put 35% down payment.

I hope this helps.

Enrique

 

[littlekyle]

Hi,

As far as you get a correct mortgage insurance, the bankers will accept small down payment.

Loc

 

[Syed Haider]

Hi,

I came to Canada last Year and I bought my first home with 35% down payment after three months of arriving. It is possible.

I am a mortgage agent in Windsor Ontario.

If you are interested in buying a house, I can help you get the mortgage.

Send me an email if interested

Enrique

Hi Enrique,
Could you please inbox me your details @ " mhz@live.com.au". I'll be definitely needing you by coming feb or march 2012.

Many Thanks,

Syed