NEW TO CANADA MORTGAGE
MORTGAGE BROKER IN CHATHAM, ON
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!