First Time Buyers Mortgages
Before you consider buying your first home it is important to truly understand how a mortgage will impact your financial situation as first time home buyers. Lenders have guidelines to follow when trying to determine what type of home you can afford. We recommend meeting with a mortgage broker / agent to review your options and determine what you can qualify for, as well to receive important “First Time Homeowner” information to use during your home search.
Mortgages for New Canadian Immigrants
As a new immigrant to Canada you may qualify to purchase a property with as little as 5% downpayment. There are many programs available for new to Canada mortgages.
Self-Employed Mortgages (or Otherwise Known as Business for Self Mortgages)
As a self-employed individual, applying for a residential mortgage for your home can be a challenging experience. In the past, qualifying for a mortgage if you are self-employed was approved based on your credit score, your self-declared stated income, and with a 20% downpayment. Today the conditions of self-employed mortgages have changed.