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Where can I get the Foreign Investor Mortgage that will allow me to put down only 10% of the property and?

mortgage the rest? I am a Canadian Citizen and would like to purchase property in the US. Thanks.
Tue Apr 1 2008, 20:14 - Miami Beach - Financing - 6 answers
 
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Nader
Home Buyer
in Toronto, Ont...
Nader, Home Buyer in Toronto, Ont... in Toronto, Ont...
Answers (6)
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Myke Triebold was FIRST TO ANSWER
Our client who lives in Vancouver purchased a San Diego property. She used a local San Diego lender but was required to have 25% as a downpayment. Did you ever get your information regarding condo hotels here in San Diego?

Wed Apr 2 2008, 21:59
Web Reference: http://www.Downtowncrowns.com
 
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More likely than not, 25-40% would be required as a foreign Investor. There are a few lenders that still may consider such a financing option- you may be able to locate a multi-national bank in Cananda that writes US loans. We have a few here in Miami; RBC and De Jardin for example.

Wed Apr 2 2008, 08:58
Web Reference: http://www.WaterwayRealty.com
 
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Nader,
If you are looking for an informed and creative mortgage agent we have the resources to get you going in the right direction. We would be happy to hear from you.

Best of luck,
Teh "Eckler Team"
Century 21 Almar & Associates
Venice, Fl 34285
941-408-5363

Wed Apr 2 2008, 05:52
Web Reference: http://www.venicearearealestatesite.com
 
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Nader,
Jackie is correct in that lending practices have changed . at best you can probably get a 25% down payment with full documentation.
of course every situation is different but if you like i can put you in contact with a local mortgage lender in south florida (Ft Lauderdale area) to see if she can help you?
josesellsfl@yahoo.com

Wed Apr 2 2008, 05:07
Web Reference: http://www.Josesellsfl.com
 
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Hello Nader,

I am sorry to say that the restrictions have changed on the amount a foreign investor must put down on a home. Most lenders are asking for at least 25% for full documentation loan and 35% on a stated loan.
Since I am not a mortgage broker or banker, I would have you speak directly to one to discuss your options.
Please let me know If I can help.
Are you looking in the Disney area?

Jackie@CinderellaRealtyFl.com

Tue Apr 1 2008, 22:50
Web Reference: http://JackieFortier.mfr.mlxchange.com
 
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FIRST ANSWER
there are specialists with various lenders who do a great deal of foreign investment mortgages. If you contact me, I will get you to the appropriate people who can assist you.

Tue Apr 1 2008, 20:33
Web Reference: http://www.MykeTriebold.com
 
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