How can new immigrants come to Vancouver to get a loan to buy a house?
Usually you get long get mortgage from banks. And usually, you know, the 1st choice usually is the big bags, like a TD and CIBC and Scotia Bank and be more, something like that.
And usually it's not that easy to get the a Lander, like the big banks, and but their interest rate usually is lower than others, and so the 1st choice usually is them. But if you cannot get along get mortgage from the islander, you can think about the bill.
So usually Belander is a small banks credit unions, or some like private landers, something like that. Usually their standard is a little bit lower, but their interest rate is a little bit higher. And so you can think about the Bee Lander. If you cannot get along from a lander, if you cannot get loan from Belander as well,
You can think about the Sealander. For Sealander, maybe that will be not a good choice for you, because they charge too much and for the interest rate, and maybe you cannot afford it. So think about your own situation, whatever the lander is, as long as you can afford it, and at least you can get the dream come true.
And you buy a house. The banks like your income, like your salary income, e.g. your TFO statement, and it means the employer and give you salary and give you a TFO statement. And every year, you report your income tax, that called T FOUR, and this kind of income, and it will be easier to get along. And e.g. you make $100000 a year, and then usually it will be four times or five times the loan you can get for $100000.