mortgage

[AddledSage]

How hard is it to get a mortgage for a new immigrant? What is required?

 

[Leon]

Most banks want to see that you have a job, preferably the same job for a year. You tell the bank how much you have for a down payment and how much you make and they will tell you what you can afford to buy.

 

[steaky]

If you have assets overseas, they might still consider. Ask your banker

 

[minus360]

Just a quick question for you guys...I have a job as a Casual worker but I get full time shifts and I have been on this job since May. What are my chances of getting a mortgage? I need ur advices please.

 

[Leon]

Normally you get a letter from the employer stating that you have been working for the company full time since date x and make x amount of $ per hour or month and take that to your bank. If you are a casual worker, no contract, they might not give you a letter and that will affect your ability to get a mortgage. Working since May is also not a very long time. However, try your bank and if that doesn't work, try a mortgage broker and see how far you get.

 

[livefaisal]

Its depennd on how much down payment you can make. IF you make 35% down payment banks are not worried about job letters.
IF you need more info contact me @ livefaisal@hotmail.com

 

[Markalice1221]

How do I get a mortgage with bad credit and low income?

 

[steaky]

How do I get a mortgage with bad credit and low income?

Why do you want to get mortgage with bad credit and low income? It's better to rent.