You have recently arrived to Canada and are looking to buy your first home here. Congratulations! Depending which country you came from, mortgage process in Canada can seem very familiar or completely unfamiliar. Either way, I'm here to guide you through mortgage for newcomers.
Things to know if you are a newcomer to Canada and looking to buy a property:
Connect with a mortgage professional first, I would suggest working with a Mortgage Agent (like myself), so that you have more lending options. Here are all the reasons to work with a Mortgage Agent vs a bank employee.
As a newcomer, you probably don't have established credit and that's okay. There are other ways to prove to lenders that you are a trustworthy borrower, your Mortgage Agent will guide you though the process.
Make sure you have your documents ready and be honest with your mortgage professional. It really matters whether you are on a work permit or a PR/citizen. Be ready to connect with a lawyer as well, as some advice can be given only by lawyers.
Ask questions! Every situation and every mortgage is unique, so talk to your Mortgage Agent and you will be able to find the best solution.
Ready to connect? Book time with me for a free consultation!