Many Canadians take out a line of credit in Canada to purchase their new Scottsdale home but there are also more and more U.S. companies that are lending to Canadians.
Please request a list of companies that do so. It”s constantly changing. More an more U.S. lenders are opening up their wallets to Canadians.
Your lender will provide you with a Pre-Qualification letter that needs to be submitted with your purchase offer.
Again many Canadians take out a line of credit in Canada to purchase their Arizona property with cash.
To submit a cash offer you need to show “proof of funds.”
A photo-copy of account or accounts that contains the funds to purchase the property is sufficient.
Please consult a Cross border tax accountant.
Accountants in Canada may not necessarily be familiar with U.S. taxes, so talk to an expert in both.
If you’re buying an investment property, it’s a must.
Please ask for recommendations.