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A Canadian's Guide to Owning a Home in the U.S.

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...

$XXX,XXX CAD

(For 20% down payment and 2.5% closing costs, when converting your CAD to USD.)

If you pay cash...

$XXX,XXX CAD

(For the full purchase price, when converting your CAD to USD.)

This calculator assumes an exchange rate of: US$1/C$ 0.76, a 20% down payment and 2.5% in closing costs. Note: Foreign exchange rates are subject to change at a moment’s notice.

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.

Explore U.S. Mortgages

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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!

Get Pre-Approved
Check Mortgage Rates

It only takes 5 minutes to start your pre-approval online. Apply by June 30th, 2021 and save up to $825 USD with no underwriting fees.28

Apply Online Call 1-866-283-5928

See what documentation you'll need to apply

Need a Real Estate Agent?

If you’re not already working with a real estate agent, you could receive up to $6,500 when you sign up for RBC U.S. HomePlus™ Rewards and use a participating agent to buy a home!38

Connect with an Agent

Get Your Free Guide to Using Your U.S. Equity