Can You Get a Mortgage in Canada as a Permanent Resident with Foreign Income?
Yes. You can get a mortgage as a permanent resident with income earned outside Canada, but here is the catch nobody mentions at the branch. Most big-bank A-lenders will not count foreign income toward your qualification at all, or they discount it so heavily it barely helps. That is usually why the answer at the […]
Do Mortgage Brokers Charge Fees in Canada?
For most residential mortgages in Canada, the borrower pays nothing to use a mortgage broker. The lender pays the broker a commission when the mortgage funds, so a typical buyer with good credit gets the service at no direct cost. Fees only appear in specific situations, usually private mortgages or difficult credit files. Knowing when […]
Co-Ownership Mortgage Canada: What Lenders Won’t Tell You
Getting a co-ownership mortgage in Canada is possible, but it requires a completely different approach than buying a condo or a house. Most major banks will decline a co-ownership application without reviewing your income or credit, because the property type falls outside their underwriting parameters entirely. Understanding why this happens, and which lenders will actually […]
Your First Home in Ontario Starts Here — Let’s Get You the Right Mortgage
Buying your first home is one of the biggest financial decisions you’ll ever make. It can feel overwhelming — between land transfer taxes, mortgage stress tests, down payment rules, and government programs, there’s a lot to take in. As a licensed Ontario mortgage broker, Pekoe.ca exists to cut through the noise and get first-time buyers […]