Do It All…Buy Another U.S. Home and Keep Your Equity
Looking to upgrade to a new vacation home or make another real estate investment? A U.S. mortgage can help you do it, plus you’ll get to keep your Canadian equity, assets and cash.
A U.S. mortgage from RBC Bank8 could save you 5 to 6 figures in one-time, upfront foreign exchange costs. Plus, it limits your upfront expenses to just a down payment and closing costs.Why Canadians Should Finance Their U.S. Home
Save from the Start by Financing Your U.S. Home
When you finance vs. paying all cash, your initial costs are limited to a down payment and closing costs. This preserves your Canadian equity and assets — and saves you thousands of dollars in one-time, upfront foreign exchange costs.
Cash Needed at Closing
If you finance...
(For 20% down payment and 2.5% closing costs, when converting your CAD to USD.)
If you pay cash...
(For the full purchase price, when converting your CAD to USD.)
Canadian and U.S. Mortgages are Different. Let Us Be Your Guide
If you paid cash for your U.S. home the first time around, you may not be aware of the differences between Canadian and U.S. mortgages. For example, in Canada, mortgages can process in 5-10 days; in the U.S., it can take 30-45 days.
From helping you get pre-approved to closing on your home we can guide you through the entire process to help remove the guesswork.
Get Pre-Approved or Apply Online Using Your Canadian Credit History
You can get financing in all 50 states and pay off your mortgage anytime, without penalty!
It only takes 5 minutes to start your pre-approval online. Apply by August 31st, 2021 and save up to $825 USD with no underwriting fees.28
Get Your Free Guide to Using Your U.S. Equity
Congratulations on your plan to make your U.S. home equity work for you. We’re here to help and ready to be your partner every step of the way. Check your email for your link to Using Your U.S. Home Equity: a Guide for Canadians.
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