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 only require 20-30% down. Rates are approximately 4.875% for a 3 year fixed mortgage or 5.25% for a 5 year mortgage. Rates change daily but you can see what a great deal they have for Canadians. There is absolutely no pre-payment penalties if you pay if off early. Current Bank of Montreal clients save even more because the application fee is waived. Many Canadians who believe the Canadian dollar will recover are financing and buying now. They are taking advantage of the low interest rates and enjoying the perfect winter and spring weather this year, rather than putting their dreams on hold. When the Canadian dollar recovers they will simply pay it down at that time. It is an excellent way to begin living the life you deserve.
Interested in more information about financing? Contact us for more details or check out our website www.ThePhoenixExperts.com.
Marc Brodeur, Realtor
www.ThePhoenixExperts.com
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