Financing for Canadian Buyers
Funds for the purchase of real estate in the U.S.
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Take out a mortgage in the U.S. through a U.S. based bank owned by a Canadian one such as RBC Centura or Bank of Montreal's Harris Bank;
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· Purchase using all cash so you don't have to deal with cross border financing issues (e.g., pull equity out of your home or other Canadian properties or ask your rich aunt for money!) to buy down south; and
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· Create a corporation in the U.S. with assets (a holding company will not work as it needs to have equity or be generating revenue) which can obtain the mortgage from a U.S. lender.
RBC Bank
If you are a resident of Canada who visits or travels to the United States regularly, you have a very specific and unique set of banking needs. RBC Bank offers convenient and accessible banking solutions to give you financial peace of mind - on both sides of the border.
Home Mortgages
When it's time to buy or refinance a home in the U.S., RBC Access USA clients can obtain RBC Bank mortgages and other lending services tailored for Canadians. RBC Bank can help you leverage your Canadian credit history to make it easier to qualify for U.S. loans and establish a U.S. credit history.
Local Lake Havasu Bank
We understand that financing real estate in today's US mortgage market can be trying for our Canadian Buyers, however, we have a local bank that can underwrite and service residential mortgages. Mohave State Bank recognized the need to service our Canadian visitors who are looking to take advantage of today's buyers market, and have developed a portfolio loan program especially for Canadian citizens. Yes, you can still obtain a residential mortgage loan in Lake Havasu City. Call Russ Ideishi at Mohave State Bank for pre-approvals, or go to the website listed below and fill out an online application. He is honest, friendly and professional, and is always available. He can work with you by phone and email to help you start your dream home in Lake Havasu City. 1771 McCulloch Blvd * Lake Havasu City, AZ 86403
Bank (928) 855-0000
Fax (928) 855-5410
Cell (928) 230-6065
rideishi@ mohavestbank.com
www.mohavestbank.com
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