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New To Canada Mortgage

New To Canada Mortgage

City Place mortgage near me best rates
Cottage Mortgage Ontario

Welcome To Canada! We help our City Place Community New Comers Along Each Step of the Way with Simple and Smart Residential and Commercial Mortgages. As the City Place Community Neighborhood Mortgage Provider, We Understand the Area Better Than Any.

If you are new to Canada, you have embarked on a new path in your life. Getting qualified for a mortgage can be a daunting task and at times complicated if you are not familiar with the process and procedures. Our trusted mortgage agents can easily guide you through this process to help get you approved for your first home in Canada.

What Type Of Mortgage Do I Qualify For?

As a newcomer there are certain factors that determine your potential to get approved for a mortgage.

  1. Permanent resident status

If you have a good credit score as a permanent resident and have a down payment of 5% or more, you may qualifyfor a regular mortgage, the same as any Canadian citizen.

If your credit score is weak and are a permanent resident you may still qualify for the New to Canada Program offered by the three mortgage default insurance providers.

  1. The size of your down payment
  2. Your credit score

I Am Not A Permanent Resident Or Citizen Can I Still Get A Mortgage?

Yes! There are few options available to you. Below we explain them briefly. To go over them in more detail please contact our Mortgage Advisors who know how to pick the right products for your circumstances.

  1. You are not a permanent resident you may qualify for a traditional mortgage if you:
    1. Have a valid work permit.
    2. Have a good credit score
    3. Down payment of 5% or more.
  2. You are not a permanent resident, you may qualify for the New to Canada Program if you:
    1. Have a 10% or more down payment
    2. Your credit score can be good/fair or weak.

New To Canada Mortgage Lowest Rates

New To Canada Mortgage Fastest Approval

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Our Kind Client Success Stories - Google Reviews

Lahiery
Lahiery
2022-08-07
The team will go out of their way to help you get into a better financial situation. Kateryna helped me utilize the equity from my property to pay off debts. Overall I am now saving more money. Thanks Kateryna, I will definitely be back!!
Earl R. Frey
Earl R. Frey
2022-08-06
Had an excellent experience!
Joseph J. Hight
Joseph J. Hight
2022-08-06
Just wow. My experience with MAO was a breath of fresh air. They don't beat around the bush and are always transparent and honest. Looking forward to working again together in the future
Marzio Rizzi
Marzio Rizzi
2022-08-05
If you want a seamless experience and peace of mind, this is the brokerage for you.
Jeanette C Haney
Jeanette C Haney
2022-08-05
Renewal Don't walk; run and get your mortgage renewal with City Place Mortgage. The team  was able to negotiate my rate for me and I ended up with a lower rate than what my bank first offered me. They have your best interest in mind, and you save money!
Wesley Neagle
Wesley Neagle
2022-08-02
Got my home equity line of credit with these City Place Mortgage guys. They are quick young and energetic. The team listened to my concerns and arranged a package for me that suit my needs.
Kyle Slinn
Kyle Slinn
2022-07-29
Will be recommending you to my friends and family! I had a seamless experience from start to finish. Rishanth was great and helped me refinance my home and get equity out when my home value was at it's peak.
Frank Moore
Frank Moore
2022-07-28
Mosen and his team are great. I thought I would not be able to close on my purchase and was ready to give up my deposit, when Mosen and his team stepped in and got me a mortgage quickly and I was able to go through with my purchase. Very grateful to everyone at MAO
Kristen McClelland
Kristen McClelland
2022-07-27
The City Place Mortgage team is very knowledgeable and made me feel very comfortable in arranging my mortgage financing for my condo. I had the pleasure of working with Kateryna who got my mortgage arranged quickly. Keep up the excellent work!
amir khan
amir khan
2022-06-11
We had an excellent experience with the company. Like the way they processed our private mortgage.