Quote:
Originally Posted by oilfan69
can you find Canadian lenders that will mortgage a property in phoenix?
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No unfortunately not. I am looking at buying an investment property down in Phoenix as well and we have to use US brokers.
What I have heard from the US brokers so far is we need a minimum of 30% down 35% if it is an investment and you won't be living there.
Minimum of $50,000 mortgage and I was quote a rate of 7% but that was on an investment property.
They also said you could only have one mortgage in the US