learned something new
 

well i didnt know that one of the requirements for buying a house was you had have pr.
learn something new everyday.

Re: learned something new
 

But its not a requirement though.

Re: learned something new
 

^^^ DITO ^^^

What he said.

I know guys who have come here and bought within days.

The only thing I have been made aware of is "SOME" not all lenders are sometimes reluctant to lend as truckers dont usualy have a set monthly income amout as they are usualy paid by the mile plus the other bit n bobs (layovers, waiting time etc etc) therefore they cant say I earn every month $4000 so the lenders can work off that. They sometimes treat it as a commision type earnings as it fluctuates from month to month.

Thats all I have ever heard. I rent so cant help much more.

Re: learned something new
 

has someone been telling me porkies again?
dont suppose you could steer me in right direction? cheers

Re: learned something new
 

well little dude on phone said he couldnt even complete the application. well hopefully i will be able to offer t and cakes lol.

Re: learned something new
 

Thats a bit "Sizeist" he could have been 6ft...:)

RBC seem to be where all the lads here went to for a mortgage.

Re: learned something new
 

Sure lots of people own holiday homes right across N.America, and they live elsewhere in the world throughout the year and only visit maybe once.

Re: learned something new
 

Did the deal and had the mortgage approved in principal before I even had an LMO. When I got the WP I finalised it withing a week. I didn't get PR for 2 1/2 years but was in the house 9 weeks after I arrived.

Re: learned something new
 

Not true, i got a mortgae ( $270,000 )with out PR, but could not get finance on a car ( $ 27,000 ) with out PR:confused:

Re: learned something new
 

so which mortgage companies are all these with?

Re: learned something new
 

I went through a local broker and my mortgage is with one of the local credit unions. Often it is the best way to go because you will value the personal service you get and local folk are more likely to explain how things work here.

Re: learned something new
 

Got mine through a normal bank CIBC:ohmy:

Re: learned something new
 

Gremmie, you and "normal" are mutually exclusive, aren't you?:rofl::rofl::p

Re: learned something new
 

Got mine through Bank of Montreal, only took 10 days and moved in. :thumbsup:

Re: learned something new
 

I bank with the RBC and have only been here since April and was told can have a mortgage straight away but if i wanted a credit card then i would have to give them $500 security! :confused:

They would give a mortgage as if we did a fly by they would just sell the house. Normal deposit required and insurance.