009: New to Canada?
New to Canada? Need a mortgage?
As a new Canadian, you may lack a robust credit history that is usually needed to obtain a mortgage. For that reason, New to Canada clients are given special considerations.
Two things that need to be proven are income verification, either from an employment contract or deposits to a bank account; and a valid work permit with an expiry date at least a year away or landed immigrant status.
In this month’s Podcast we discuss new Canadians with Courtney Kencher from Genworth Canada, and explore how they can get a mortgage.