New Immigrants to Canada are able to buy their Homes sooner

Submitted by Jasmina on Thu, 2006-10-12 02:26.

Canada welcomes over 300,000 new immigrants and foreign workers every year. For these families housing is a top priority, and New to Canada Mortgage Insurance Program by Genworth Financial is helping them own their home sooner, build equity, and become economically established in Canada.

To be eligible for the program, borrowers must have immigrated or relocated to Canada within the previous 24 months and have a valid work visa or landed immigrant status. In addition, they must have a minimum of three months full-time employment in Canada and as little as 5% for down payment. Borrowers transferred under corporate relocation programs are exempt from these requirements.