Non-Resident Mortgage
It's Time To Live The Dream
We Understand "Non-Resident"
As a non-resident mortgage, we know your situation can be a bit more complicated when it comes to buying property. That's why we are here with you every step of the way. Whether you have questions about open mortgages, basic mortgage knowledge or if you are looking to apply for a mortgage, our specialists will be there to lend their expertise and give you the top options for your needs.
Also, we can help refer you to the best realtors in the business in case you need one. Or, if you're not sure what area of Canada you want to live in yet, we can help match you with a realtor that deserves your business based on your specific needs.
We know how important this process is for you and we want to make sure it goes smoothly. We are always just a phone call away!
Non-Resident Mortgage
Unlocking the Canadian Mortgage Market
For a non-resident mortgage, finding the right mortgage can be stressful. We love to help and can provide you with all of your options, including first look at new programs as they become available, and if there's a program out there to help you, we have it at our finger tips. Talk to us, and breathe easier knowing your options and best rates.
* You can use this list as a guide for Non-Resident Mortgage, combined with information from your real estate professional.
1. Put down 20 percent
2. Consider a shorter amortization period
3. Do not let your down payment be gift money
4. Purchase property in your name only
Tips for Non-Resident Mortgages
If you live outside of North America but still want to invest in Canadian real estate, don’t worry! You can still purchase property in Canada. You just need to make a larger down payment.
With down payments of up to 50% and eligible transactions being secondary/vacation homes or homes for your children attending school in Canada, there is no need to miss out on an opportunity to increase your asset base through Canadian real estate investment.
Finding the right mortgage broker is a crucial step in securing a mortgage
Work with our experts to help you find the most competitive deal on your next mortgage, whether you're looking to buy an investment property, refinance an existing property, or simply moving house.
Non-Residents Mortgage Tips
Want to own property in Canada?
Here are some facts you might find helpful:
- It's true that if you live abroad, the financial requirements to buy a home in Canada can be more difficult.
- First, you must put down 35% of the purchase price (or 50% of the purchase price if you do not hold Canadian Citizenship).
- Second, any funds used for down payment have to be your own - they cannot be gifted, even from family members.
- Finally, once you have purchased your new home, you need to get financing through a Canadian Credit Union or Canadian Bank.
