I’m looking at moving and with no credit history in the US, how would i get a mortgage for a house? Would it be possible to get a mortgage in Canada for US real estate? Any ideas on this would be really helpful… thanks a million! 
Moving From To To Cali: How Can A Canadian Buy A Place (mortgage) In California? (san Jose Or San Francisco)?
Tue, Oct 27, 2009
4 Responses to “Moving From To To Cali: How Can A Canadian Buy A Place (mortgage) In California? (san Jose Or San Francisco)?”
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October 27th, 2009 at 9:07 am
You may have trouble with a Canadian bank agreeing to financing the home because of legal jurisdiction’s if there is a problem.
The sellers bank will not care where the money comes from.
Your Canadian credit history will follow you here, you don’t need to worry about loosing it, just as American history follows them.
October 27th, 2009 at 9:38 am
Do a little research first. Ca homes are on a big downslide in prices. It’s all over the news and internet and is just starting to go down here in SJ and SF. You are better off to rent for a while. Never buy at the peak of a market. And california has historically been very volitile. Don’t let anyone lie to you, especially realtors, because they will lie. Check out realestatedecline.com
October 27th, 2009 at 9:48 am
Your credit will follow you here, so don’t worry. But you may want to wait for a while to buy a home. So Cal home prices are rediculous and right now, it’s a ’seller’s market’. Try to rent in the meantime until the marker flips again.
October 27th, 2009 at 10:35 am
here’s a site i can highly recommend for you. give it a shot!