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How To Get Out Of Debt In Ireland?

Can you get a mortgage in canada if ive got a mortgage in ireland&are renting the house out in ireland?

  • ive currently got a mortgage now in ireland and are hoping to rent the property and migrate to canada were my family and i hope to get another mortgage for a home were we can live.we currently have bad credit but the debt will be cleared just before we migrate.my partner is a skilled carpenter and we believe the salery is reasonable in canada for that type of worker.i do hope to get a job to once ive got my 2 children settled in school etc,do u think its possilbe we could arrange a mortgage before we migrated so we could move straight over to our new home or would we have to rent a property first then shop around for a mortgage?would we be able to get one?

  • Answer:

    There is a gov't program through CMHC that guarantees any mortgage for new immigrants.However, you must arrange 25% down payment. Broker, Real estate agent , or mortgage consultant will charge you a fee to tell you this..!! Check out the web site below.. good Luck and welcome to Canada..... This site also has a section for situation just like your(ours).... Any more help required email me @ [email protected]

kneesie at Yahoo! Answers Visit the source

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Canadian banks will not give you a mortgage until you have lived in Canada 6 months. Honestly I would consider selling the property in Ireland before you come to Canada so that way you won't have to rush back for anything. Also your going to need a written job offer & a market survey just to get your work permit from Services Canada. Your credit in Ireland will not matter because you'll have no credit in Canada to start with anyway. Unfortunately I know exactly what you'll face because I'm going through it right now. It doesn't matter what race or country your from everyone goes through it.

nbr660

its always difficult to get a loan if you have bad credit history and are looking to get a home mortgage loan.

bidia

I have a friend who works in real estate in Toronto and he is an Irish fellow from Dublin.. He is a very knowledgable guy, and would know the answer to your question. this is his web site.. http://www.jackdunne.com/

oneblondepilgrim

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