Many Canadians are surprised to to hear that even with the current “credit crisis” in the US, Canadians are still able to get a mortgage to finance their Arizona vacation home. It is true that loan programs and requirements are changing daily. Nevertheless, the major banks here that finance Canadians still have excellent programs for… Read More
Current Financing Rates For Canadians
February 4, 2009 by
There are many US banks that will give financing to Canadians to purchase a vacation home in Arizona. It is done all the time. We work closely with a local bank that is a subsidiary of the Bank of Montreal. It has a special Snowbird Mortgage Program. To buy a vacation home in Arizona they… Read More
The Differences Between Canadian & US Mortgages
January 18, 2009 by
Many clients ask us if they get a mortgage in the US, how will it be different than the mortgage they have back home? The biggest difference is obviously that it will be in US dollars. If you earn Canadian dollars and you are paying back your mortgage in US dollars, your mortgage payment will… Read More
Can Canadians Get US Mortgages?
January 14, 2009 by
YES! We work with several lenders here in Phoenix that lend to Canadians all the time. Bank of Montreal and Royal Bank of Canada both have subsidiary banks in the US with special loan programs for Canadians buying real estate in the US. There are also large US banks with similar programs. No US social… Read More
Financing Options for Canadians
October 30, 2008 by
Within the last few years it has become quite easy for Canadians to get a mortgage from a US bank to purchase a vacation home in Arizona. Several years ago this was unheard of. Now Canadians with good credit can get a US mortgage with 20-30% down. Interest rates are aproximately 6-7% and can be… Read More
