Posted on: 05-03-06 23:11:13
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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Quote:
Orginally posted by raajen
What are the chances of getting a mortage with US credit history as we moved to Canada recently?
Thanks for your replies.
You can qualify under New Immigrant program and depending on your present job condition you may have to put any where between 10% to 35% down payment (every bank has its own policy for this program) for the house you intend to buy. The bank's do accept good US credit history in the absence of Canadian Credit.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Hi Pramod,
Thanks for your reply. Having a perm. job and good US credit history, will it help to get a lower interest rate?
Quote:
Orginally posted by raajen
Hi Pramod,
Thanks for your reply. Having a perm. job and good US credit history, will it help to get a lower interest rate?
Yes.. absolutely if the permanent job is in Canada.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Hi Pramod,
Thanks for the reply.
