A NEW LIFE IN CANADA…
Starts with a new home.
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
There are other ways to demonstrate credit-worthiness that lenders will recognize
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