Richmond BC Canada - Are you a foreign investor or non-resident of Canada?
If you are a US resident, here's good news for you:
U.S. residents who are looking to purchase a second/vacation home in Canada for their personal use may now qualify for financing. There are Canadian banks and/or lenders who could offer home financing or mortgages to qualified buyers, with 65% loan-to-value ratio (first $500,000) and 60% (balance).
Initial investment or downpayment usually 35% to 40% (from own resources) will be required to purchase a property. Likewise, included in the qualifying criteria are good credit history (report obtained from US credit bureau) and employment or proof of income. Eligible properties are second home or vacation property. For example: New or existing single family dwellings or condominium units must be occupied by the applicant/property owner (rental property not eligible).
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Sheila Atienza,
Richmond BC Realtor (Multiple Realty - Cambie Rd, Richmond)
Published Book Author:
"How to Prepare to Own a Home in Canada: Recession-proof Lifestyle for Immigrants and First-time Buyers" and Canadian Home Financing Simplified: How to Qualify as a Real Estate Buyer Copies available through Books.iClickProperty.com
Sheila Atienza is a market specialist - real estate - agent who serves in the communities of Richmond, such as, Terra Nova, Sea Island, Bridgeport, West Cambie, East Cambie, Riverdale, Quilchena, Granville, Seafair, Boyd Park, Steveston Village, Steveston North, Steveston South, Westwind, Woodwards, Broadmoor, Garden City, Saunders, South Arm, Brighouse, Brighouse South, Mclennan North, Gilmore, Mclennan, East Richmond, McNair, Ironwood, Hamilton. Sheila has been helping immigrants, first time buyers and investors through the process of buying and selling of properties.
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