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Many lenders have New to Canada programs and you can purchase a home with as little as a 5% downpayment if the purchase price is below $500K. New to Canada? Your Homeownership Journey Starts Here! Buying your first home in a new country can feel overwhelming Why The Newcomers? "Culture makes people understand each other better. And if they understand each other better in their soul,

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Temporary residents and permanent residents who have been in Canada for less than five years can apply for a newcomer mortgage. To get a Canadian mortgage rules require a minimum down payment for all borrowers, including Newcomers, as follows: 5% for homes under $500,000; 5% of the first $500,000 Did you just get licensed and are unsure whether you should become a broker or loan officer? Pay structure is something to

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Permanent resident status or valid work permit; Proof of income and employment; Record of down payment. You may also need to have: Proof of rental payments and Doubts on Qualifying as a newcomer : r/MortgagesCanada

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