Can I get a small mortgage on a house in Canada without first securing a job?
I am planning to move back to Canada (Winnipeg) from overseas and will have enough money to put at least 50-70% down on a house for myself and my family and still have a bit left over to get settled (car, furniture, living expenses). We have some in investments in Asia, but don't want to cash out before they mature.
We plan to move a week before school starts, and I think it will be difficult to rent in the area where we want to buy/live/send our kids to school. Unfortunately, I won't have any time prior to that to do interviews for a job.
Is it possible to get a mortgage on less than 50% of the house's value without a steady, Canada-based income? I do have a clean credit record (albeit not very active for the past 8 years--only a bank account).
No
