Cross-border mortgage specialists make the process easier
RBC Bank, the leading provider of banking solutions for Canadians visiting or staying longer-term in the United States, offers tips to those buying a home in the U.S. Despite fluctuations in both the Canadian dollar and U.S. real estate market, snowbirds continue to migrate south. In fact, Canadians are the top foreign U.S. homebuyers, accounting for 23 percent of foreign real estate purchases.
“Over the last few years, the housing market in the U.S. has been growing due to low mortgage rates, affordable housing prices and a large number of non-U.S. citizens taking advantage of these real estate opportunities,” said Kelly Trembley, a real estate agent with more than 15 years of experience. “It is important to work with a real estate team that knows the market well, and has rich experience working with banks that cater to buyers from outside of the U.S.”
RBC Bank has been greeting snowbirds, retirees and cross-border transplants in the U.S since 2003 and helping to make the home-buying experience a little easier. The RBC Bank cross-border team of mortgage specialists offers these home-buying tips.
“Purchasing a home in the U.S. may seem overwhelming, but the RBC Bank team of expert cross-border specialists can make the process a little easier,” said Alain Forget, head of sales and business development at RBC Bank. “Obtaining a mortgage in the U.S. is less cumbersome for RBC Bank customers because, unlike other banks, we are able to view your whole RBC relationship in the U.S. and Canada. That potentially helps to lock in a better mortgage rate.”
About RBC Bank
RBC Bank is a wholly-owned subsidiary of the Royal Bank of Canada that provides U.S. banking solutions to RBC consumer clients with a cross-border lifestyle. RBC Bank pioneered cross border banking and has been serving clients who visit, shop, study or relocate in the U.S., for more than ten years. Today, the Bank provides everyday banking and real estate lending solutions to Canadian clients in all 50 states.
About RBC Royal Bank
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada’s largest bank as measured by assets and market capitalization, and are among the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 79,000 full-and part-time employees who serve close to 15 million personal, business, public sector and institutional clients in Canada, the U.S. and 51 other countries. For more information, please visit rbc.com.