CAN A WORK PERMIT HOLDING PERSON BY A HOUSE IN CANADA?
Topic of the week
The short answer is YES , but there are some BUTs that you must know. Your Work permit must not expire 183 days after the closing day. You can definitely by a residence but you cannot buy a rental property. 5% of your down payment has to be from your won sources and rest of it can be gifted.
Being a work permit holder comes with other companion challenges. The chances are you will also need coaching regarding your credit as you may lack sufficient information on how the credit rating works. Or simply your credit might be too new for the lenders and you must have a way out from these challenges.
There are steps you can take to ensure that when you apply for mortgage it gets done effortlessly and working with right broker ensures that you are guided along your way to successful mortgage funding.
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