New to Canada
Dreaming of owning your First Home in Canada?
We can help make that dream a reality. Take advantage of our expert advice and special mortgage offers for permanent residents and foreign workers.
With newcomers to Canada playing an ever-increasing role in Canada's future population growth, mortgage financing is available to borrowers with a permanent and non-permanent residence status.
Most lenders have policies in place which can accommodate clients who have immigrated to Canada within the last 60 months and who are looking for an insured mortgage.
Home Buying Checklist for Newcomers
Here are some things you can do (and ways we can help) to make the home-buying process a little easier.
Figure out if you're eligible to purchase and what you can afford: Before you start looking for a home, get a general idea of if you're eligible to purchase a house and how much you may be able to afford and what your mortgage payments would be. This will help you set a realistic price range. We as your mortgage broker can help you understand the eligibility process and educate every step of the mortgage process. Try our quick calculator now to estimate how much you may be able to afford
* There are other costs to factor into budget as well. Contact us today to find out.
Save for your down payment: Typically, buyers make a minimum 5% down payment on a home using money they've saved and then borrow the rest (through a mortgage) from a lender.
* Learn how to save on your monthly mortgage payments and potentially avoid paying additional costs. Contact us today!
Understand your mortgage options: Talking to a mortgage broker is one of the best ways to make sense of all the mortgage options banks/ lenders have to offer in Canada and to help you save money over the lifetime of your mortgage. We walk you through every step of the mortgage process and Refer you to a Realtor to help you find a home.
Get a mortgage Pre-approval: Once you understand the mortgage options lenders have to offer, we submit the application on your behalf and get you the Pre-Approval with today's interest rates. A pre-approved mortgage means the bank has made a commitment (subject to conditions such as a property valuation) to loan you the money for your home.
Find a Realtor: Always hire a reputable local real estate agent. Your agent, like your mortgage broker, can be an invaluable resource for you throughout the entire home-buying experience. We work with many reputable Real Estate Professional that we can connect you with.
Happy House Shopping!!!