ive currently got a mortgage now in ireland and are hoping to rent the property and migrate to canada were my family and i hope to get another mortgage for a home were we can live.we currently have bad credit but the debt will be cleared just before we migrate.my partner is a skilled carpenter and we believe the salery is reasonable in canada for that type of worker.i do hope to get a job to once ive got my 2 children settled in school etc,do u think its possilbe we could arrange a mortgage before we migrated so we could move straight over to our new home or would we have to rent a property first then shop around for a mortgage?would we be able to get one?
2006-08-31 23:16:49 · 5 answers · asked by Anonymous in Travel ➔ Canada ➔ Toronto
There is a gov't program through CMHC that guarantees any mortgage for new immigrants.However, you must arrange 25% down payment. Broker, Real estate agent , or mortgage consultant will charge you a fee to tell you this..!! Check out the web site below.. good Luck and welcome to Canada..... This site also has a section for situation just like your(ours).... Any more help required email me @ finalimprint@rogers.com
2006-09-02 07:45:09 · answer #1 · answered by cralas 2 · 0⤊ 0⤋
Canadian banks will not give you a mortgage until you have lived in Canada 6 months. Honestly I would consider selling the property in Ireland before you come to Canada so that way you won't have to rush back for anything. Also your going to need a written job offer & a market survey just to get your work permit from Services Canada. Your credit in Ireland will not matter because you'll have no credit in Canada to start with anyway.
Unfortunately I know exactly what you'll face because I'm going through it right now. It doesn't matter what race or country your from everyone goes through it.
2006-08-31 23:26:21 · answer #2 · answered by nbr660 6 · 1⤊ 0⤋
i'm uncertain in the event that they furnish FHA loans there. i'm interior the US. My husband and that i went that direction. i became a homemaker and he worked complete time. We have been able to purchase with none money down. It has all back fired- and now I choose we would have in simple terms rented. think of roughly this. once you lease some issues might nicely be secure and if some thing is going incorrect you call the owner to have somebody fix it. If it is your place and a few thing is going incorrect, wager what? it fairly is on you to return up with the money and attach it. in case you do not think of you're waiting, then do not purchase yet. Take a while- there is not any time-physique on whilst somebody is able to purchase their first domicile. and do never permit everybody inform you you're dropping your cash whilst renting- i think of it fairly is clever. stable good fortune!
2016-11-23 17:18:54 · answer #3 · answered by ? 3 · 0⤊ 0⤋
I have a friend who works in real estate in Toronto and he is an Irish fellow from Dublin.. He is a very knowledgable guy, and would know the answer to your question.
this is his web site..
http://www.jackdunne.com/
2006-08-31 23:31:34 · answer #4 · answered by oneblondepilgrim 6 · 0⤊ 0⤋
its always difficult to get a loan if you have bad credit history and are looking to get a home mortgage loan.
2006-08-31 23:24:16 · answer #5 · answered by bidia 3 · 0⤊ 0⤋