Refinancing property problems finding bank to do it.

[piotr.bogumil]

Deleted by user

 

[Thomas Beyer]

try this guy: http://www.bricksandmortgage.com/our_team.htm

Say hello to Donna or Brian from me.

Most Canadians use their LOC on ther Canadian home as it is the cheapest form of capital available.

Also try TD bank or BMO (or any Canadian bank) with a US subsidiary. Link for TD here: http://www.tdcanadatrust.com/products-services/banking/cross-border-banking/index.jsp

or here for BMO / Harris: https://www.bmoharris.com/main/personal/mortgages

 

[JROC]

I have 3 rental properties in the USA and all 3 have a US bank mortgage on it. I use Washington Federal, and Arizona Bank (65-70% LTV). Don't let people tell you, you cannot get a US mortgage on a rental property in the US because your Canadian. Like Thomas said BMO/Harris also provides a mortgage on a rental property I believe at the time BMO/H wanted 50% LTV. I havent bought a property in the US for a few years so not sure what the LTV, mortgage rate etc is now, but I have a contact of a great mortgage broker if you want to contact him let me know. I am also looking into pulling some equity out very soon, just looking for a little more price appreciation.

 

[piotr.bogumil]

Thank you, Thomas for information. P.S. Just read your book.
Thanks for information JROC!