For those who are new to Canada or recently immigrated to Canada and are thinking of buying a home in Ottawa, here is some information on a new to Canada mortgage and a new immigrant mortgage.
To begin, it’s good to open a bank account and start building your credit history. To build your credit history you can start by applying for a credit card.
If you are having trouble qualifying for a card, you can see about secured credit card options. There are many companies that have these available.
Fortunately there are options in place in Canada to assist you with buying a home as a new immigrant without having established credit or long term work tenure.
You are able to apply for a new to Canada mortgage or a new immigrant mortgage if you:
These mortgages are available with an Ottawa mortgage broker with banks and many other lenders at today’s best mortgage rates in Ottawa.
The following documents are required to apply for a new to Canada mortgage or a new immigrant mortgage:
Some lenders may require other items, such as: