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Claire Drage, AMP
- Mortgage Broker (10530)

 T. 905.847.6611
 C. 905.330.9488

 F. 866.755.3750

 claire@yourmortgageoptions.ca

 Mortgage Alliance

"My uncle just moved to Canada from our homeland and he wanted to buy a new home.  I contacted Claire and she assisted him to find his first home in Canada!  If you are a new immigrant, call Claire Drage today!"

- Tran Nguyen

905-330-9488 Your Mortgage Options Ontario Canada
Your Mortgage Options with Claire Drage, AMP
New Immigrants - New to Canada Programs

New Immigrant Specialist

I immigrated to Canada myself with my family in 1998 (originally from England) and so have had first hand experiencewith not only the transition but being able to explain the Canadian mortgage system and how it works.  I enjoy walking my cilents thru the process, one Step at a Time.

The New To CanadaTM Mortgage Insurance Program makes it possible for individuals relocating to Canada to purchase a home sooner with as little as 5% down. Through this program, Genworth helps new Canadians purchase their first home, build equity, and become economically established in Canada.

Highlights
• Up to 95% LTV for qualified borrowers
• No minimum income requirements
• Increased qualification options
• Available up to 36 months after arrival
• Standard Premiums apply
• Extended amortizations available up to 40 years

New To CanadaTM Mortgage Insurance
Program features:

• Opportunity: helping new Canadians own their home sooner and become economically established in Canada
• Low down payment: as little as 5% down
• Flexible: fixed, variable, or adjustable rate mortgages permitted
• Common-sense evaluation: review all files by individual circumstance
• Portable: insurance can be applied to a new loan

Contact Claire for details on getting your new immigrant mortgage in Canada.

LTV Documentation
All Loan to Values • Valid work permit or verification of landed immigrant status
• Income confirmation
• Down payment confirmation
• Purchase and Sale agreement
Up to 90% • Letter of reference from a recognized financial institution, OR
• Six (6) months of bank statements from primary account
90.01 - 95% • International credit report demonstrating a strong credit profile, OR
• Two (2) alternative sources of credit demonstrating timely payments (no arrears) for the past
12 months. The two alternative sources required are:
• Rental payment history confirmed via letter from landlord and bank statements
• One other alternative source (hydro/utilities, telephone, cable) to be confirmed via letter
from the service provider or 12 months billing statements
 

 

If you are unsure of what is best for you, please give me a call and we can find out if you qualify for this program right away!

 

TERM
BANK
OURS
Variable
2.70%

2.20%

1 Year
2.99%

2.29%

2 Year
2.84%
2.14%
3 Year
3.39%
2.24%
4 Year
3.89%
2.39%
5 Year
4.54%
2.39%
7 Year
5.30%
4.09%
10 Year
6.10%
4.49%

5 YEAR QUICK CLOSE AT 2.24%

Must Close within 30 days

Line of Credit Prime plus 0.50%

 

Prime = 3.00% *rates subject to change without notice, OAC

As of Nov 1, 2016

 

 

Mortgages for landed immigrants

 
 
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