LEARNING CENTRE

A NEW LIFE IN CANADA...

Starts with a new home.

With Mortgage Financing, home ownership for new Canadians is possible.

HERE’S WHAT YOU’LL NEED:

• A valid work permit or verification of landed immigrant status

• 3 months of employment history. If you arrived as part of a corporate relocation, you are exempt from this requirement.

• A down payment of typically 5% if you have full-time employment

There are other ways to demonstrate credit-worthiness that lenders will recognize

REMEMBER, YOU HAVE OPTIONS!

There are other ways to demonstrate credit-worthiness that lenders will recognize such as:

• Proof of 1 year’s timely rent payment history (to a non-family member)

• 12 months of payment statements for utilities, phone, cable, documented savings or insurance premiums