Many Canadians take out Home Equity Lines of Credit to purchase their vacation home here in Arizona. We can certainly assist to get one arranged for you or to do a re-finance of your existing Canadian mortgage in order to make a cash purchase in the Greater Phoenix Real Estate Area.
For many of you, obtaining a mortgage here in Arizona could be the wisest alternative to purchase a vacation/retirement home or as a rental type property. In the case of a rental property, as an example, the mortgage interest can be used as an income tax deduction on the tax return that you would be required to file on an annual basis. The more expenses that you have the lower the net income will be thus reducing tax payable implications. Getting legal advice from an American accountant and/or an American lawyer in this regard could be beneficial to you. Please refer to the page on this blog titled Legal Talk for additional recommendations to consider.
We have connections with several lenders to arrange a US Mortgage for the purchase of Greater Phoenix Real Estate. There are a variety of Canadian Mortgage Programs currently available. We will discuss all of the options available to you with these lenders so that you can make a wise and confident decision.
To address any query in regards to home ownership in the Greater Phoenix Real Estate area,please send us an email or call our cell toll free at 1-888-494-8558.
Search Greater Phoenix MLS Listings-Homes for sale