can new immigrant mortgage house/appt without credit history

[gmohiuddin]

can new immigrant mortgage house/appt without credit history, because i have landed one month back and have secure credit card of CAD 1000. please share ur experience

 

[Pippin]

It is a good idea to start building your credit rating by using your credit card and paying it off completely each month. You will need a substantial downpayment and the amount of money approved is based on a percentage of your earning ability. A bank manager will be happy to answer all your questions.

 

[explorer101]

can new immigrant mortgage house/appt without credit history, because i have landed one month back and have secure credit card of CAD 1000. please share ur experience

If someone pays 35% or more down payment for house/ apartment then income proof is not required by the bank and new immigrants can also get mortgage from Bank.

 

[Pippin]

Here is a link to a couple of sites that might be helpful to you. http://www.cmhc.ca/newcomers/index.html
http://www.cmhc-schl.gc.ca/en/index.cfm

 

[Chami]

Here is a link to a couple of sites that might be helpful to you. http://www.cmhc.ca/newcomers/index.html
http://www.cmhc-schl.gc.ca/en/index.cfm

Scotiabank does mrtg for newcommers with good rate, check with them u'll get other stuff (free acct for 1 year, credit card, car loan with good % etc.)