New to Canada? Looking for a Mortgage?
Welcome to Canada! We understand you are excited to look for a new home and we want to help by getting you the best mortgage rate possible!
Take your first step of home ownership in Canada with our MortgagesToGo.ca mortgage brokers! Our friendly, highly trained brokers will help you take the first step. We’ll describe your needs, draw up a list of options, and also include your best qualifying rate. Once you’re ready, we’ll be ready to go online, over the phone, or into one of our physical storefronts to complete your loan.
Features of Mortgages for Newcomers to Canada
- Newcomers who have permanent resident status are eligible for all CMHC, Sagen, and Canada Guaranty mortgage insurance products (subject to product-specific eligibility requirements).
- For residents who do not have extensive Canadian credit history, and where foreign credit rating agencies are not available, alternative credit rating sources may be considered for Loan-to-Value (LTV) ratios up to 95% .
- Newcomers with non-permanent resident status will have access to insured financing options of up to 90% LTV for the purchase of a 1-unit, owner-occupied residence.
- No additional fees or premiums apply solely on residency status for standard product-specified fees.
- A minimum duration of residency does not apply to these standards.
Great Benefits that are included with the Newcomer Mortgage Programs
- Newcomers with a permanent residence status can purchase a home with as little as a five-percent down payment.
- Competitive Interest Rates Available through CMHC insured financing, and as a result, competitive interest rates from many banks in Canada.
- Availability Non-restriction. Coast-to-coast-to-coast, with a one-off maximum loan amount.
Contact MortgagesToGo.ca today to start looking into a Mortgage that works for you and your family.
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