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Mortgages in Canada
Mortgage loans in Canada are available to the majority of Nationalities looking either to purchase a property as a main residence, holiday home or for investment purposes.
Mortgages in Canada, as with many other countries, are based on an affordability basis, therefore proof of income and expenditure is required, for these full status loans. Loans on properties are only available on a capital and repayment basis, with the maximum loan to value of the property being based on individual circumstances. For investment and new immigrants to Canada the maximum loan available on a property would be 75% of the value of the property, but loans of up to 90% of the purchase or valuation price, whichever is lower, are available for professional professions. One of the great advantages of mortgages in Canada is that they are not subject to any minimum or maximum lending terms or loan values, due to all mortgages being arranged on affordability.
If you would like more details on mortgages for Canada, please complete our enquiry form and one of our Overseas Mortgage Consultants will contact you to discuss your requirements further.