Here’s the scoop:
Our clients, a husband and wife, are both Canadian Permanent Residents. One spouse is currently living overseas while they search for employment here in Canada. Prior to meeting us, our clients had successfully secured 65% financing from a bank. This sounds like a decent solution, but the problem is they wanted to put less money down.
Here’s how we helped:
- BWG found a solution that enabled them to put less money down without putting their desired home purchase on hold
- We helped them secure 75% financing, allowing to buy their dream home while still maintaining their desired cash reserve in their bank account
- How? We utilized a lender that allowed us to count their foreign income
- In a year’s time, we will revisit this file with additional options once the other spouse finds employment in Canada