How Do Canadians Living Abroad Get Mortgages In Canada?
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Second Home or Investment Property
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Unlock Your Equity to consoldiate Debts or Make New Invesments
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Help Renew An Existing Mortgage
Expert Mortgage Solutions for Canadian Expats
Buying or Refinancing Property in Canada from Abroad
Are you a Canadian expat considering buying or refinancing property back home in Canada? Whether you’re purchasing a new home or refinancing an existing mortgage, our team offers tailored solutions for Canadian expats. We understand the unique challenges Canadian citizens living abroad often face with traditional banks, especially in provinces like Quebec, and are here to help.
Buying Property in Canada as a Canadian Expat
Purchasing real estate in Canada as an expat—whether in Quebec or elsewhere—comes with specific requirements, but as a Canadian citizen or permanent resident, you have the right to buy property without facing foreign buyer restrictions. Our team has extensive experience helping Canadian expats navigate the requirements, from securing down payments to understanding local market trends.
Refinancing Canadian Property While Living Abroad
If you already own a property in Quebec or another part of Canada and are considering refinancing to access equity or lower your rates, we can assist with that as well. Refinancing as a non-resident involves some unique lender requirements, and our Quebec-based team is skilled at simplifying this process for Canadian expats.
Essential Requirements for Buying or Refinancing in Canada as a Non-Resident
When buying or refinancing, you’ll need to meet certain requirements, including:
- Down Payment: Typically, twenty percent for U.S.-based expats and thirty-five percent for expats from other countries.
- Proof of Income: A recent pay stub and an employment letter verifying your position, salary, and length of employment.
- Credit Verification: A Canadian credit report or an international credit reference if no Canadian credit history is available.
- Funds in a Canadian Account: Some lenders may ask for a reserve of mortgage payments to be held in a Canadian account.
Trusted Local Experts in Quebec
Navigating Quebec’s property and mortgage requirements as a non-resident can be complex, and having knowledgeable support is crucial. We partner with reliable local professionals across Quebec, including both lawyers and notaries, who understand the specific needs of Canadian expats. From securing the right financing to handling legal aspects, we provide referrals to ensure a smooth process.
Why Work with a Quebec-Based Mortgage Broker for Your Expat Mortgage?
With in-depth knowledge of both Quebec and Canadian mortgage requirements, our team offers:
- Current Market Insights: Get the latest information on real estate trends in Quebec and across Canada, tailored to Canadian expats’ buying and refinancing goals.
- Tax and Legal Compliance Support: We ensure you’re informed about provincial and federal requirements, such as Quebec’s specific rules and taxes, so you stay compliant.
- Comprehensive Local Network: From real estate agents to notaries and lawyers, we connect you with experts throughout Quebec and Canada, ensuring smooth coordination at every stage.
Start Your Mortgage Journey in Quebec with Confidence
Whether you’re buying your first Canadian property or looking to refinance an existing one, we’re here to guide you. Contact us today for a consultation and let’s work together to achieve your Canadian property goals.
