Mortgages for Newcomers to Canada

Mortgages for Newcomers to Canada

Welcome to Canada! We understand that moving to a new country can be daunting, and we want to help you settle into your new home. As a newcomer to Canada you may be unfamiliar with our rules and regulations surrounding mortgages, but we are here to help. Tim Lacroix is one of Calgary’s top Mortgage Brokers. He and the rest of our team have been helping newcomers to Canada secure prime rates on mortgages so they can purchase their dream home, either as their primary residence or a vacation home.

One of the great things about mortgages in Canada is that pre-approval is not difficult to obtain. Working with an expert can help to relieve a lot of the stress and anxiety from the process, and help you secure the best mortgage rate for your situation.

Here are some of the key points you’ll need to be aware of if you’re thinking of getting a mortgage to buy property in Canada:

  • To be eligible for a mortgage you typically need to have been steadily employed in Canada for at least three months.
  • You will need to have a good credit history, as this will assure lenders that you understand how to use credit wisely. To build a credit you should pay for your purchases using a credit card, and be sure to pay off at least the minimum balance before the due date each month. You can also prove your credit rating through international credit report agencies such as Equifax and TransUnion.
  • Any other documents that show you consistently pay back your lenders will help your mortgage approval process. These documents could include things such as receipts from landlords, credit card statements and utility bills.

Working with a reputable mortgage broker is always the best practice when you’re trying to get approved, and shopping around for the best mortgage rate is important. We would be happy to help you through the process of getting a mortgage for a home in Canada. Call us today at 403.648.1541.


Mortgages for Newcomers to Canada

Contact Us

Questions? Comments? Call us today at (403) 407-1244 or fill out the form below:

Contact Us

  • Address:

    #120, 5720 4 St SE
    Calgary, Alberta
    T2H 1K7

  • Phone:(403) 407-1244

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