Wednesday September the 8th, 2010 
Phone: 905-896-3333  Fax: 905-848-5327
Mortgage Information  
New Immigrant or Self Employed

 

 

We can help you if you are new to Canada within the last 7 years whether you are employed or not. Even if you're in Canada on a work visa.  You can buy a house instead of renting with as little as 5% down.  Certain conditions apply,  so talk to your mortgage advisor about all the details.        

 

Self-Employed?  Credit Issues?  Unique Income Situation?

Financing Considerations for Non-Traditional Borrowers/Situations


Below we have provided a list of the most common non-traditional situations, however, please note, that not all situations are listed and each is looked at on a case-by-case basis to fit with the appropriate lender each situation is unique and looked at accordingly. 

Self Employed


Employment - Self-employed
- Recent job start/change
- Work experience outside Canada
- Lack of work history
- Part-time
Income - Non-verifiable
- Salary + commission
- Seasonal

- Commission
- Salary OT and/or bonus

Credit - Spotty/bad credit
- No credit

- Good, but a lot of credit
- Previously bankrupt

Property - Rental
- Construction
- Cottages/vacation homes
- Multiplex

- Investment
- Rural/acreage
- Mobile homes

Status - Non-resident - New immigrant
Financial - Zero-down - Purchase plus improvement


If you're looking for more information on financing please complete the form below.

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Mortgage Discount Centres Canada Inc.

1528 Dundas Street West, Mississauga, ON

2186 Bloor St, Toronto, ON
Independently owned and operated.

Located inside Sutton Group Realty Systems Inc, Brokerage

 

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