Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Buying a place in the US--Mortgages, etc..

Ryan Coke · 07-21-2009, 08:43 PM

Hey, reading the thread yesterday about Mortgages and mortgage brokers got me thinking that maybe there is some good info out there from CP community.

We are looking at buying a place in Phoenix, and am trying to decide how to finance it. I have a HELOC that I should be able to use for most, if not all the new place. But I am wondering about pros and cons of doing this versus getting an actual mortgage, or doing it 50/50 US$ mortgage/canadian$ HELOC (provides a hedge on the exchange rate).

I understand I would need to get a mortgage from a US lender, but was wondering if maybe there were ways that a mortgage broker up here can be of any help.

Any thoughts would be appreciated form anyone who has any insight or experience with this sort of thing.

07-21-2009, 08:43 PM	#1
Ryan Coke #1 Goaltender Join Date: Feb 2003 Exp:	Buying a place in the US--Mortgages, etc.. Hey, reading the thread yesterday about Mortgages and mortgage brokers got me thinking that maybe there is some good info out there from CP community. We are looking at buying a place in Phoenix, and am trying to decide how to finance it. I have a HELOC that I should be able to use for most, if not all the new place. But I am wondering about pros and cons of doing this versus getting an actual mortgage, or doing it 50/50 US$ mortgage/canadian$ HELOC (provides a hedge on the exchange rate). I understand I would need to get a mortgage from a US lender, but was wondering if maybe there were ways that a mortgage broker up here can be of any help. Any thoughts would be appreciated form anyone who has any insight or experience with this sort of thing.