Non-residents looking to purchase a home in Canada with mortgage financing can do so, but there are some additional considerations and requirements compared to residents. Here are the key points: 1. Down Payment: Non-residents typically need to make a larger down payment, often 35% or more of the purchase price, compared to the minimum 5-20% required for Canadian residents. 2. Income Verification: Lenders will require proof of income, which may include foreign income. You'll

As a newcomer to Canada, achieving your dream of homeownership is within reach, and a mortgage broker can be your trusted guide. Here's what you need to know in a nutshell: 1. Credit History: Start building your Canadian credit history early. Lenders want to see a reliable track record of payments. 2. Permanent Residency: Most lenders require permanent residency status. Ensure your immigration status aligns with their criteria. 3. Employment: Stable employment is crucial. Len

Establishing a good credit rating is crucial for someone new to Canada, especially if they aspire to become a homeowner. A good credit rating reflects a person's financial responsibility and reliability in repaying debts, and it serves as a measure of creditworthiness for lenders. Having a strong credit history is essential when applying for loans, including mortgages, as it helps lenders assess the risk associated with lending money to an individual. To establish a good cred