Investing with Foreign Investors - Financing Options?

[Nir]

Hi All,

Is there a way for a foreign non-Canadian investor to qualify for a mortgage in Canada?

Can such a foreigner with stable income act as a guarantor on a mortgage? would any of the banks accept that?

Please assume simple residential units investments (single family or duplexes).

Thanks & Regards,
Neil

 

[PeterKinchMortgageTeam]

QUOTE (investmart @ May 27 2008, 08:43 PM) Hi All,

Is there a way for a foreign non-Canadian investor to qualify for a mortgage in Canada?

Can such a foreigner with stable income act as a guarantor on a mortgage? would any of the banks accept that?

Please assume simple residential units investments (single family or duplexes).

Thanks & Regards,
Neil




non residents can qualify quite easily with most lenders though at minimum they will need 25% down. They`ll probably like the rate and terms better with 35% down though. They will need to qualify conventionally based on income and debt like any other applicant.

 

[Nir]

THANK YOU PETER!

You and Rob Macdonald have huge amount of knowledge in the field.

Regards,
Neil