New to Canada Mortgage in Ottawa

Borrowing Made Simple provides homebuyers that have immigrated or relocated to Canada with personalized mortgage solutions.

Our objective is to help you establish yourself financially and economically in your new country through homeownership. We present various options for lenders and incentives personalized to your needs.

We are your source for skillful, expert mortgage advice and recommendations. If you are considering purchasing a property, we can help. Contact us today to discuss your options.

Can a Permanent Resident Get a Mortgage in Canada?

Definitely. Those who have received permanent residency can apply for mortgages, and even those who have yet to receive their permanent residency have options. Three months or more of work, combined with a work permit, are sometimes accepted as alternatives for permanent residency.

With us at your side, we’ll help you find accommodating lenders for your needs.

Who Is Considered a Newcomer to Canada?

Newcomers to Canada are usually defined as having been here for no longer than 60 months (5 years). Typically, a minimum of three months living in Canada is required.

Can You Buy A House Without Extensive Credit or Employment History?

In some cases. During the mortgage application process, you’ll have to disclose debt and credit histories, including those in your native country. Established credit and employment history are helpful when it comes to mortgage approvals, but they aren’t required for all lenders.

Many lenders offer tailored mortgage services to newcomers and are aware that credit histories are limited. One of our brokers will go through your mortgage options with you.

As long as you can prove your ability to pay your down payment and honor your regular term payments, you can be eligible for a mortgage.

How Can a Mortgage Broker Help Me?

A mortgage broker can provide individuals and families new Canada with a broad range of mortgage services. Whether your home purchase is imminent, or you would prefer to discuss your options, we can help. We’ll browse through a vast range of lenders, and recommend the best lenders for your needs.

Our brokers also streamline the mortgage application process and leave no detail overlooked. With our years of proven industry experience and expertise, we will get you closer to homeownership.

Schedule a consultation with one of our brokers today.

What Incentives Are Available to Canadian Newcomers?

A number of lenders offer specialized mortgage products and plans for newcomers to Canada.

You may be eligible for a mortgage with low down payments and interest rates, depending on your needs. Your broker at Borrowing Made Simple will be happy to show you through various lenders offering Canadian immigration programs.

What Properties Are Eligible for a New-to-Canada Mortgage?

Not all properties qualify for a New-to-Canada Mortgage, such as commercial or investment properties. Properties that are eligible include:

• Marketable residential dwellings that demonstrate re-sale potential
• Existing resale properties
• New construction
• 1 – 2 unit dwellings

To find out more information, get in touch with our brokerage today.

Find Your Dream Home with a New-to-Canada Mortgage

Borrowing Made Simple provides newcomers to Canada with outstanding mortgage brokerage and services. Call us today to schedule an appointment with one of our knowledgeable brokers.