1. Canadian immigrant loan to buy a house guide
1, lending bank
According to the regulations, foreign banks are not allowed to issue loans in Canada. In other words, if you want to apply for a loan, you must go to a bank in Canada. Although the loan process may be a bit complicated compared with Canadian citizens, it is entirely possible to get a loan.
2. World Bank's concept of new immigrants
Generally speaking, many banks count people who have been landing for less than five years as new immigrants.
In addition to new immigrants who have just landed, some banks will also provide new immigrant loans to those who have submitted immigration applications and have file numbers.
3. Down payment conditions
Because of the high risk of lending to new immigrants, the corresponding banks will also require new immigrants to pay a relatively high down payment.
Different banks have different specific requirements. Generally speaking, banks require new immigrants to pay at least 35% down payment. And many banks require that your down payment be kept in a bank in Canada for 30-90 days.
However, according to the remittance country and whether the remittance record can be traced, the bank requirements will be different.
If possible, the down payment should be sent to Canada before applying for a loan, so it is more favorable to apply for a loan.
In addition, if banks allow new immigrants to pay less than 35% down payment, they will also be required to buy mortgage insurance to avoid risks.
4. Credit history
New immigrants who have just arrived in Canada have no long-term credit history and employment relationship, so those who have landed in Canada for less than five years must pay a down payment of 35%.
If the down payment of new immigrants exceeds 35%, banks do not need their income certificates to approve new immigrant loans.
Some banks explicitly require new immigrants to work in Canada for at least three months or obtain other documents to prove their credibility before applying for loans, such as work visas, letters of recommendation from employers or other banks, relevant credit reports in the country of departure, and documents showing the rent situation in the past 65,438+February or the source of down payment funds.
If you are sent to Canada because of job transfer, you can ask the head office to provide relevant documents to prove your work experience and credit degree.
2. Introduction of Canadian federal self-employed immigrants
If you are a sports practitioner with more than 2 years of self-employment experience, if your academic performance is average and your language performance is poor, if you want to immigrate to Canada, then choose the Canadian federal self-employment immigration program specially designed for sports and entertainment practitioners.
First of all, there is no time limit for Canadian federal self-employed immigrants, and the approval speed is fast. They immigrated to Canada step by step. Secondly, Canadian federal self-employed immigrants do not need applicants to start businesses, invest or do business. In addition, Canada's federal self-employed immigrants have no strict requirements in age, language and education, which is common among sports professionals.
The purpose of self-employed immigrants in Canada is to attract those applicants who are talented in art and sports, are willing and able to continue their original career in Canada, and can hire themselves without working for others. They need to rely on their talents to create income for themselves and make some contributions to the arts and sports in Canada. For a long time, Canadian self-employed immigrants have been the first choice for professionals in the fields of culture and sports to immigrate to Canada, with a history of more than 20 years.
Canadian federal self-employed immigrants application conditions:
1. Have at least two years working experience in related industries in the last five years, and have the ability to contribute to Canada in this respect:
Literary and artistic activities:
(1) There are two "one-year experience in self-employed literary activities" (not necessarily two consecutive years);
(2) Having participated in other literary and artistic activities for more than one year twice (not for two consecutive years);
(3) Engaged in self-employed literary and artistic activities 1 year experience+participating in other literary and artistic activities 1 year experience (not allowed for 2 consecutive years);
In sports competitions:
(1) There are two "one-year self-employed sports competition experiences" (not necessarily two consecutive years);
(2) Having participated in other sports competitions for more than one year twice (not for two consecutive years);
(3) One year's experience in individual sports competition+one year's experience in participating in other sports competitions (not for two consecutive years);
2. Prove that the applicant is excellent enough in this field;
3. Meet the score of 35 points;
4. The applicant meets the medical examination requirements and has no criminal record;
5. Applicants must be willing to engage in self-employment in Canada in the future; Living outside Quebec (except the self-employed in Quebec)
3. Canada study abroad immigration program
As a big immigrant country, Canada has always been one of the preferred immigrant destinations for China investors. There are many projects here, and the application conditions are different.
1, northern Canada talent program
Canada's northern Ontario talent program only needs 600,000 RMB, and it can solve your worries by studying abroad+high-paying employment+immigration in one step. After graduation, you can arrange employment, submit an immigration application after work, and the federal government will refund your tuition in the form of tax refund.
2. PEQ project in Quebec
The plan aims to make it easier for temporary foreign talents and international students working in Quebec to obtain permanent resident cards. There is no age limit, quota limit, IELTS requirement, education requirement and job invitation in this project. After reopening this month, the number of places should be sufficient, and applicants need to hurry.
3. Manitoba MPNP Project
The MPNP project is a fast study abroad+work+immigration project launched by the Immigration Bureau of Manitoba, Canada. 10 month course +6 months work+10 month probation period = successful immigration. The period from studying abroad to obtaining a Canadian green card is 26 months, which has developed into the fastest and fastest immigration route in Canada.
4. Nominated projects in Ontario
Ontario nominated immigrants are divided into two categories: those with Ontario employer offer and those without Ontario employer offer (HC is divided into EE and non-EE). Students are required to graduate from public universities in Canada and complete at least 2 years of full-time college or undergraduate education.
With the launch of the "Million Immigrants Program" by the Canadian government, Canada has opened its doors to new immigrants, and more immigrants will flood into Canada in the future.