Business & Finance mortgage

Applying For A New To Canada Mortgage

Moving to a completely new country can be incredibly exciting and frightening at the same time. There are so many factors to sort out, from your immigration status, to your employment, to your place of residence. Finding a place to live may not be that difficult, but many people that are new to Canada may have the same dream as any other Canadian - to own their own home. If you are a recent immigrant to Canada, and are looking at how to apply for a new to Canada mortgage, your best bet is to work with an independent mortgage broker who will help guide you through the application process, and educate you on the various programs that are available to those who are new to the country.

Invest in Real Estate in Alberta

Many new immigrants settle in all parts of the country. One place in particular that welcomes new Canadians is Alberta. This is a wonderful place to call home, which is why it attracts many people to settle in. From the Rocky Mountains to the cities of Calgary and Edmonton, or friendly Lethbridge, Medicine Hat and other areas, the beautiful scenery, welcoming people and solid economy make Alberta a great place to call home. A mortgage broker will be able to explain to you how the mortgage system works in Canada, and will help get you in touch with a lender that will offer you the mortgage terms, conditions and rate that you are comfortable with.

Take Advantage of Programs For Those New to Canada

As a qualified applicant, you can borrow up to 95% loan to value with the €New to Canada Mortgage Insurance Program€. By taking advantage of this program, you, as a new immigrant to Canada, can start building equity in your home very quickly and develop
financial stability in your new country. There are a few programs that new immigrants can take advantage of, which a mortgage broker can walk you through to get the most for your dollar and start building equity as soon as possible.

Relocating to a completely new country can be totally overwhelming. Having a professional mortgage broker guide you through all the ins and outs of buying your first home in Canada, as well as all the programs and offers that the Canadian government provides to those who have recently moved into the country, will make the transition much easier. If you are new to Canada, give award winning mortgage professional Jim Black, AMP, and his team a call and get them to work on your behalf to secure a new to Canada mortgage for your new home.


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