Calgary Mortgage Broker Tim Lacroix Can Help!
Canada has so much to offer its residents with a wonderful quality of life and a beautiful landscape. If you are new to the country, one of your next steps could likely be purchasing a home for you and your family. As one of Calgary’s top mortgage brokers, Tim Lacroix, has the expertise and knowledge required to help you find your dream home and get you the best mortgage rate available. Read on to learn what the expert mortgage broker, Tim Lacroix, recommends for beginning this process.
The first step to obtaining a home in Canada is demonstrating that you’re a stable employee. In most cases you need to be employed for a minimum of 3 months before you can even apply for a mortgage. Staying employed for this 3-month period of time is validating to lenders and will help you establish credibility.
Next, to boost your mortgage application, you should compile all of your credit history documentation from your homeland. Lenders will want to see your ability to pay down debt and review your previous banks’ references. There are websites available that can provide international credit information to you, such as Equifax. Then, you will also need to establish Canadian credit as quickly as possible. Usually applying for a credit card is an easy way to initiate the process. Even showing lenders household bills and rent payments made on a consistent basis can enhance your application.
Lastly, you need to define your actual budget for a home. Being honest with your self in this step is imperative. Make sure you’re accurately accounting for your monthly money allocation. Tim Lacroix and his team can assist with this step by using a mortgage calculator to determine your monthly mortgage payment. You can then see what cost fits well with your income and lifestyle.
Starting a new life in a new country can certainly be intimidating at times, especially when you’re planning to purchase property. There are many legalities and steps involved when applying for a mortgage, so working with an experienced mortgage broker will prepare you for this huge decision and really simplify the entire process. If you’re new to Canada and are thinking about purchasing a home, call Tim Lacroix at 403.648.1541. He will not only get you the lowest mortgage rates in Calgary, but he’ll help you through the entire process, start to finish. Call Tim today and get into your dream home soon!