For non-residents looking to purchase property in Vancouver, there are specific mortgage options available, and a mortgage broker like Elvira Kurmisheva can provide essential guidance through this process. Non-resident mortgages typically require a higher down payment, often 35% or more of the purchase price, due to the perceived higher risk by lenders. Interest rates for these mortgages may be slightly higher compared to those for residents. Additionally, lenders will closely scrutinize your credit history, income sources (both within and outside Canada), and the overall financial stability. They might also require additional documentation, such as proof of income or assets in your home country. Elvira Kurmisheva can help navigate these requirements, finding lenders who are experienced in working with non-residents and ensuring that the mortgage terms align with your financial capabilities and investment goals. Her knowledge of the Vancouver real estate market is invaluable in this regard, as she can advise on property types and locations that might be more accessible for non-resident financing. Furthermore, Elvira can assist in understanding the legal and tax implications of owning property in Canada as a non-resident, making sure that you're fully informed before making such a significant investment. Her expertise ensures a smoother, more informed mortgage process for non-residents in Vancouver's dynamic property market.