If you have a valid work visa or confirmation of application for Permanent Residency, full-time employment, credit references from your home country and down payment means from your own resources, then you may be qualified enough to obtain your own new home sooner than you think.
For new immigrants who may have a bit more of a complicated situation with their respective finances (e.g., no credit history, bankrupt or recent discharges, no verifiable income, etc.), despair not. You can still make your dreams of home ownership a reality.
Traditional financial institutions may fail you, but non-traditional or private lenders may just be the answer to your dilemma. Don Johnstone can assist you in obtaining a possible mortgage, regardless of your financial standing.
Granted that these alternative means may ask for higher rates and fees but the end should greatly justify it when you land the dream home of your own.
The funds available on your second mortgage depends solely on how much you need, the current value of your home, the existing mortgage(s) on your property and your capability to repay the mortgages. For quick answers to your questions and to complete your second mortgage application, apply or contact me today!
Orangeville Office
Orangeville, ON
L9W1K2
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