If you are a new immigrant and thinking to purchase a home or rental home in Canada, here is a good program:
* 30% down payment, can be owner occupied or rental.
* Maximum Loan $1M on rental, max $1.5M on principle residence.
Qualification: must have permanent resident card confirming landed immigrant status
Income: no income in Canada is okay. Need to provide information on offshore income and business; investment incomes, the more information, the better (if you own business, provide what does the company do, how many employees, your clients, gross and net income)
Credit History: no credit is okay, as long as having down payment (30%) + 12 months mortgage, interest and tax of “liquid assets” (if you have credit history, no need to show cash equal to 12 mth payment).
All down payment must be in Canada 15 days before funding.
Free consultation.
Chinese (Mandarin, Cantonese), Japanese, Fillipino, Korean.
Christine Chien, Personal line: 604-603-6189
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