Mortgage Information for New Residents to Canada
- 52% of recent immigrants will purchase a home within 3 years
- Immigration is expected to increase 9.2% in 2009
- 66% of recent immigrants lack information about financing options
New immigrants with permanent resident status can access homeownership
with as little as 5% down payment with no minimum period of residency
required and at discounted rates.
Also non-permanent residents have access to homeownership with as
little as 10% down payment again with no period of residency required
and also at discounted rates.
Please do not hesitate to contact me if you have any questions about
this program or any other questions regarding mortgage financing.
CURRENT RATES as of February 18, 2009
6 MO-5.20% 6 MO.Conv-5.20% 1YR-4.00% 2YR-4.75% 3YR-4.75%
4YR-4.29% 5YR-4.39% 7YR-6.00% 10YR-6.35%
Variable Rate: 3.80% (Prime plus .80%)
Prime Rate as of February 1, 2009 = 3.00%
Source: Ryan Gambaell of Vintage Financing (contact him by sending a
message through this site)
__________________________________________________
Duncan Ley, Sales Representative
☛ Royal Lepage Niagara Real Estate Centre, Inc., Brokerage
☏ 905 650 2241 | www.AddressingYourMove.com
posted by Duncan Ley at 6:16 AM
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