Did you know that financing for clients new to Canada can obtain a mortgage with as little as 5% down?

Here’s what is required for a financing approval:

All Loan To Values:

» Valid work permit or verification of landed immigrant status

» Income confirmation

» Down payment confirmation, own funds

» Purchase agreement

» Immigrated to Canada a maximum of 5 years ago

Up to 90%:

» Letter of reference from a recognized financial institution or six (6) months of Canadian bank statements from primary account

90.01 – 95%:

» International credit report demonstrating a strong credit profile

» Two (2) alternative sources of credit demonstrating timely payments (no arrears) for the past 12 months

Please contact The Mortgage Centre for more information!