how to get a mortgage for US property?
- Thread starter scorpiox
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- May 13, 2009
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You need to go to banks or you can consult any morgage lenders
If you are an RBC customer you can get a mortgage in the states 60% LTV on the purchase price. HSBC also offers a mortgage if you are their customer. I do not know the LTV. If you need I can get you in touch with a colleague of mine who buys in the states and would have more information. email me if you would like mark@homeinvestornow.com
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QUOTE (scorpiox @ May 13 2009, 02:08 AM) Planning to purchase some property in the US. how can i get a mortgage? do i go to banks in the US? or in canada?
Some banks and some mortgage brokers can direct you to US banks that lend to Canadians. In general rates are a bit higher and loan-to-values lower !
If you do not even know how to get a mortgage .. is it fair to assume you have done too little research on taxes, property management, vacancies, locations, rates of foreclosures ?
Do more research ! Go there at least 5 times .. in on- and off-season .. to see if this investment makes sense !!
Some banks and some mortgage brokers can direct you to US banks that lend to Canadians. In general rates are a bit higher and loan-to-values lower !
If you do not even know how to get a mortgage .. is it fair to assume you have done too little research on taxes, property management, vacancies, locations, rates of foreclosures ?
Do more research ! Go there at least 5 times .. in on- and off-season .. to see if this investment makes sense !!