You can buy a house in Canada using a bank mortgage at the very beginning of the immigration process.
\n<\/p>\n
General Requirements:<\/strong> Upon purchase, you have to show the availability of the following amounts:<\/strong> Documents Required for Getting the Mortgage:<\/strong> You can buy a house in Canada using a bank mortgage at the very beginning of the immigration process.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-88","post","type-post","status-publish","format-standard","hentry","category-mortgages"],"acf":[],"_links":{"self":[{"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/posts\/88","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/comments?post=88"}],"version-history":[{"count":3,"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/posts\/88\/revisions"}],"predecessor-version":[{"id":3608,"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/posts\/88\/revisions\/3608"}],"wp:attachment":[{"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/media?parent=88"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/categories?post=88"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quebec-real-estate.com\/en\/wp-json\/wp\/v2\/tags?post=88"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u2022 Confirmation of the application for permanent residence in Canada;
\n\u2022 It is possible to finance up to 65% of the purchase price (with minimum 35% down payment) for a single-family house, duplex, triplex or quadruplex.
\n\u2022 Further residence in the real estate to be purchased is obligatory.
\n\u2022 Mortgage term is from 6 month to 10 years.
\n\u2022 The maximum mortgage amortization period is 25 years.
\n\u2022 The down payment can NOT be made by a credit card, by using a line of credit or gifted by a close relative.
\n\u2022 Credit history and employment in Canada are obligatory.<\/p>\n
\n1. Availability of 35% of the down payment and confirmation that the money came from legal sources (confirmation of a property sale or an account record confirming that the money was on your bank account for the past 30 days or simply a bank transfer by another bank to your account in Canada, or a customs declaration upon arrival to Canada);
\n2. Availability of 1.5% of the purchase price as the bank should see that you have money to cover the purchase expenses (paying for notary services, taxes and other expenses);
\n3. Availability of the amount required for the mortgage payment for the first six months.<\/p>\n
\n\u2022 Confirmation of the application for permanent residence in Canada or received approval for the permanent residence;
\n\u2022 A reference letter from a foreign bank confirming your reliability as a client;
\n\u2022 Confirmation of the down payment and additional amounts.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"