I am Canadian but my wife is not (PR has been applied). Is there any way to get her name on the mortgage and title?

If she's a non resident, the financial institutions see her as a greater risk. Accordingly, few lending institutions will lend to you and then even then will lend only as high as 65% at their best rates. If you are a non-resident of Canada and not in Canada on an work permit but wish to obtain a higher loan to value ratio this will require finding private financing and the interest rate charged will higher than the discounted rates available at the major lending institutions. However, each lender will examine the mortgage application on a case by case basis. A banker's letter of reference provided by an applicant's previous bank or a credit report from the applicant’s country of origin may influence a lending institution with respect to both the approval of the mortgage application and the interest rate charged.

Best to call a lender and see what if anythign they can do for you

Very few Lenders will accept an applicant who is not a landed citizen - unless the entire transaction is treated as a non-resident transaction, where you'll likely be required to put down a hefty down payment (35%). There are several different options and solutions that I can advise you of, but will need a clearer picture of your situation, and we can work together for the best solution for you.

Please feel free to contact me, and I can definitely help you out with this.

Their are Lenders who will accept an applicant like this situation who is not a landed citizen - the entire transaction may be treated as a non-resident transaction, where you'll likely be required to put down a 35% down payment. Since you are a Canadian citizen and be a on title. There are several different options and solutions that can be workable for cases like this, but will need a clearer picture of the situation. I am a realtor and can guide you to a qualified source.

Please feel free to contact me,

Call the lending institution. This is the only way you will get an accurate answer from that particular Lender. Otherwise you can add her name to title with a lawyer's assistance.
Cheers.

It Depeneds from lender to lender.All the banks or lender dont have same policies.But most likely it is possible(With some conditions).

I just had a similar case and they could go ahead with the purchase with only 10% downpayment. However, one was a Canadian Citizen, the other one had applied for the PR card but was here with a work permit which is valid until 2012 and had a SIN number. All banks and lenders are different and they really consider each case individually depending on so many factors. Talk to a couple of lenders to see how it goes.

Great question... you should definitely contact your lender and see what their requirements. If you want to talk to a Mortgage broker check out. www.waynemarks.ca

He's a great person to work with.

Have you spoken to your lawyer? I think you should.

contact a real estate lawyer.

Call a mortgage broker to inquire about more options available for you.( It is free) . Than you may call your lawyer.

If you don't use her income to qualify for the mortgage, and if you can prove your relationship, lenders actually would like to see both your names on the title.

Your Laywer will receive instruction from the lender to proceed.

Dear Alex, if you are married to her, as your wife she has the right to be on the deed of title, even if she has no income.

Any mortgage broker will be happy to assist you.

Lina Castro, The Broker & Realtor that you Trust,
ADRESZ R.I. 514 636 2981
email: linacastrosells@hotmail.com

Referrals and Relocations to Montreal and Surrounding Cities, QC are welcome!

The Lender of your choice should be able to determine what is best for the both of you.