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Archive for the ‘mortgages’ Category

Coming to Canada is a dream for many people. Getting here can be quite a challenge, and once you’ve arrived, you’ll face even more of them.

Fortunately, the challenge of home ownership need not be as daunting as it once was. The Canada Mortgage and Housing Corporation (CMHC), along with Community Mortgage Services, work with many immigrants to facilitate new immigrant mortgages all across Canada.

Immigrants are considered to be vital to Canada’s population growth, and are intelligent, hardworking contributors to Canadian society. Newcomers deserve the same financial opportunities as other residents of Canada. There are options available for permanent and non-permanent residents, backed by CMHC.

Unfortunately, banks might have a different perspective on newcomers, and acquiring financing could be quite challenging. Fortunately, there are independent mortgage brokers who can help new immigrants to Canada realize the dream of home ownership, without the stress and uncertainty of dealing with the major banks. Community Mortgage Services has existing relationships with dozens of lenders across Canada that are willing to work with newcomers within the CMHC’s guidelines, giving immigrants the opportunity to become homeowners sooner than they thought possible. Coming to a new country is stressful enough; home ownership can be realized without the hassles normally associated with obtaining financing.

CMHC new immigrant mortgage policies state that newcomers with permanent resident status have access to all mortgage loan insurance products. Non-residents can insure up to 90% of their financing for the purchase of a single, owner-occupied residence. There are no additional fees, and no required minimum period of residency. Even if current credit history is not available, CMHC will consider alternative credit information when granting coverage.

Community Mortgage Services takes the guesswork out of house loans for new immigrants to Canada. Their qualified mortgage experts stand with you throughout the process, ensuring your relocation is as stress-free as possible. They help new immigrants get the best possible rates while deciphering all the paperwork and information necessary to obtain a new immigrant mortgage. Their lending partners are thoroughly informed on the latest CMHC policies and will ensure that no matter what your status, you will have every opportunity to obtain financing to provide your family with a suitable home in Canada. Their lenders will formulate a strategy that suits your unique situation, and gives you peace of mind that your application will be given the consideration necessary to make the dream of home ownership a reality.

If you’d like more information about applying for a new immigrant mortgage, please call 1-866-668-6570 from anywhere in Canada.