In this episode, Andrew Kim discusses the financing options available to Canadians looking to purchase real estate in the US. He explains that Canadian banks with US arms, such as RBC and TD, offer investment mortgages for buying US properties. These mortgages allow Canadians to leverage their Canadian credit and purchase properties in the US. Additionally, there are specialized loans, such as DSCR loans, that focus on the cash flow of the property rather than the borrower's personal credit. Andrew emphasizes the advantages of fixed-rate mortgages and the ability to refinance in the future. He also highlights the importance of credit and track record in securing financing. Overall, financing options in the US market provide opportunities for Canadians to invest in real estate and build wealth.
Takeaways
Canadian banks with US arms offer investment mortgages for buying US properties, allowing Canadians to leverage their Canadian credit.
Specialized loans, such as DSCR loans, focus on the cash flow of the property rather than the borrower's personal credit.
Fixed-rate mortgages in the US provide stability and the ability to refinance in the future.
Credit and track record are important factors in securing financing for US properties.
Featured on the Show: Andrew Kim CEO & Co-Founder for SHARE Website: https://twa.sharesfr.com
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For more information about Mortgage and Financial Planning services, visit our website: https://www.realty.truewealthadvisors.ca/
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