Welcome to Canada!

Your Path to Homeownership Starts Here

In Toronto, Mississauga, Brampton and the entire GTA, we are fortunate to live in one of the most culturally diverse regions in the world. As someone who moved to Canada few years ago, I understand the challenges that newcomers face when it comes to obtaining financing. But don't worry, I'm here to help! My mission is to assist New Canadians like you in buying a home, and I am well-versed in the fantastic programs available to make your dream a reality.

Navigating the Path to Homeownership

Being classified as a newcomer to Canada means you are a permanent resident (landed immigrant) who has been in the country for five years or less. Many of our newcomers have arrived from India, China, and the Philippines. It's important to note that Canada has set a goal to welcome 500,000 new arrivals each year by 2025, making it an exciting time to be part of this vibrant community.

Building Your Credit History

One of the most critical aspects for newcomers is establishing a credit history. Starting from scratch may seem challenging, but there are various strategies to build your creditworthiness. This can include using credit cards responsibly, entering into a rental lease, or obtaining a car loan. Even without an established credit history, you can still qualify for a mortgage by demonstrating your creditworthiness through alternative means.

Qualifying for a Mortgage

To qualify for a mortgage without an established credit history, you'll need a minimum of three months of employment history and provide evidence of creditworthiness. This can include proof of timely rent payments, bank statements showcasing 12 months of pre-authorized payments for regular bills, a bank reference letter, documented regular savings for a year, and a credit report from your country of origin. Once you achieve permanent resident status, you can purchase a home with a minimum down payment of 5% on the first $500,000 and 10% on any amount over $500,000. Non-permanent residents will require a down payment of at least 10% of the purchase price.

Support for the Self-Employed

For self-employed individuals, proving income can be more challenging. However, by consistently depositing your income into your bank account, you can demonstrate a steady earnings pattern to lenders. My expertise lies in working with lenders who understand the unique financial situations of self-employed individuals, including future income potential, to help you secure the best mortgage program.

Your Trusted Partner in the Journey

Once we connect, I will carefully review your situation and advise you on the necessary paperwork to assemble. As your advocate, I will present your full financial history and situation to the lender that offers the best program for you. My goal is to simplify the process, provide guidance, and support you every step of the way

Ready to embark on your homeownership journey? Contact me today to get started.

I am always available here to answer your questions, provide expert guidance, and help you make the right choices for your mortgage purchase. Your dream home is within reach, and I am here to make it happen!