With the Canadian dollar at
about par and the American dollar and interest rates low, there has rarely been
a better time to buy in Florida. There is currently a large inventory homes
available in SW Florida.
RBC Centura Bank is a subsidiary of RBC Royal Bank
and has over 45 branches in Florida. They have developed a banking and
home-lending program for Canadians which is called RBC ACCESS USA. It has a
number of financial solutions for Canadian buyers and uses your Canadian credit
history for qualification of a mortgage. Their team of financial professionals
are specially trained to assist you with U.S. banking and home lending
requirements. Banking & Mortgage laws and regulations, as well as "terms"
are quite different in the U.S. and RBC's team knows the difference between the
U.S. and Canada when it comes to banking & getting a mortgage.
Preview all
property for sale with LINK above and get reports emailed to
you!
While the time frame to get a mortgage in Canada is
often only two or three days, and sometimes as little as 24 hours, it can take
as long as a month in the U.S. So if you are looking to purchase a home in
Florida in the near future, you can pre-qualify for a mortgage, as you do here
in Canada. This can save you time and help you to bargain for a better price in
the current buyer's market. Being pre-qualified gives you much more leverage in
the U.S. mortgage process as well.
When you mortgage in the U.S., the bank will give
you a "good faith" estimate, which will itemize all the charges involved in the
transaction. This way you will know exactly what your total expenditure will be.
If you are interested in investing in Florida Real Estate, web pages at the
bottom of this article contain articles that offer information you need to know.
You will want to know about cross border trusts, tax laws, and estate planning
before going ahead.Once you contact us we can send a Buy in Florida
Packet you will find most of the information you need to get started
with your real estate purchase in Naples, Marco Island, Bonita Springs, and
Estero, Florida.
It is important to get qualified legal advice from
a lawyer experienced in cross-border real estate and planning. t also the advice
of a knowledgeable tax advisor, we can provide names for you.
Please note that the
information on these pages is not to be construed as tax or legal advice, but
rather as information only. One thing to remember: Revenue Canada and
Florida Laws can change without notice, so current advice at the time of your
purchase.
*Courtesy of and reissued e articles online 2011 and Bigness
Realty Group
We provide lender, insurance, title
agents, accountants and real estate attorney's names for our clients.
