Mortgage Financing For Non-Residents
Quick Reference Guide
Downpayment:
-Minimum 35% of the Purchase Price
Eligible Properties:
-Rental Properties up to 4 units
-Recreational Properties meeting conventional standards
Application Process:
-Standard Income Verification is required
-Verification of all assets and credit obligations, including the down payment is required.
-Confirmation and verification of the customer(s) identity is required.
Credit Investigation:
Current copy of US/International credit bureau, in some cases where they are cost prohibitive or takes too long, in those cases a letter of reference from the financial Institution(s) where the customers currently have borrowings will be required.
Please note that each lending institutions guidelines are unique and the information provided here is just a quick guide. A complete application would be required and be reviewed to determine exactly what information from the applicant(s) would be needed.
Contact Jeff or Kelsie with any questions or to apply:
Jeff Trounsell, AMP
Mortgage Broker
CENTUM Pacific Mortgages Inc.
Direct Line: 778-960-1123
Office: 604-609-0333
Fax: 604-687-1677
www.greatbcmortgage.com