Asad Financial

09/20/2022

If you are a newcomer to Canada looking to purchase a home, you will need to provide these documents to secure a mortgage:

• Permanent resident status
• Proof of income
• Employment history
• Down payment
• Credit check
• Bank reference letter

If you are a foreigner or newcomer wishing to purchase a home in Canada, reach out to our team today! We can help you begin your mortgage process and answer any question along the way.

09/16/2022

If you are a newcomer looking to purchase a home in Canada, you can qualify for a Canadian mortgage – often at the same interest rates as Canadian citizens. No need to seek international lending approval, we’ve got you covered.

If you are a foreigner or newcomer wishing to purchase a home in Canada, reach out to our team today! We can help you begin your mortgage process and answer any question along the way.

Reach out today to learn more.

09/14/2022

When you come to Canada, building your Canadian credit is important to secure a mortgage. The sooner you begin building Canadian credit, the higher chance you have at being approved by a lender.

Notably, your credit score is not immune to international debts. While it is costly for lenders to pursue international debts, it is possible.

Reach out to us today! We’re here to help secure you a mortgage.

09/07/2022

https://www.cbc.ca/news/business/bank-of-canada-rate-hike-1.6574457

The Bank of Canada hiked its trendsetting interest rate by three-quarters of a percentage point on Wednesday, a move that will increase the cost of borrowing for consumers and businesses.

09/07/2022

Regardless of Canadian residency status, the maximum amortization period for mortgages in Canada is 25 years from A lenders. However, you can potentially obtain longer amortization periods from B lenders, accessible by a Mortgage Broker.

When you partner with a Mortgage Broker, you have access to both Private Mortgages and Bank Mortgages. We can help you find the best options that meet your financial goals. Let’s get talking today!

09/05/2022

Unfortunately, no.

To ease the hot housing market in Canada, Justin Trudeau’s liberal administration has placed a ban on foreign homebuyers in Canadian markets. Currently, the ban is in effect from 2022-2024. Only foreigners with permanent Canadian residency, or foreign students or workers working towards permanent residency are exempt from the ban.

Reach out to us today! We’re here to help maximize your financial goals and mortgage needs.

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09/02/2022

Short answer, no.

If you are a permanent resident of Canada, or a foreign student or worker working towards permanent residency, you are eligible to buy and own property in Canada. You will need to comply with immigration requirements if you are extending your stay or becoming a permanent resident.

If you are a foreigner or newcomer wishing to purchase a home in Canada, reach out to our team today! We can help you begin your mortgage process and answer any question along the way.

08/31/2022

Rule of thumb: Don’t spend more than 30% of your gross monthly pay on housing costs (mortgage, rent, utilities, etc.).

We’ve got you covered! Our online calculators will give you an initial estimate of the mortgage you could be offered. This will help to estimate and baseline costs to determine what you can afford for housing.

Check out our affordability calculator here: https://www.centum.ca/calculators/affordability

Contact Asad Financial to get a complete profile of your mortgage affordability.

08/31/2022