Canadian Loans now available in Arizona

By
Mortgage Banker with and for 1st Time Buyers, Move Up Buyers & Investors 207897nmls# DOC#207897
http://actvra.in/7QD

canadian flagarizona flagamerican flag

So financing options are now available for Canadians who wish to purchase vacation homes in Arizona.

Arizona was a hotbed for Canadian vacationers who at the peak 2005-2007 of the Arizona market were often put off by the high prices and unfavorable exchange rate.  Now with a weak dollar plummeted property values Arizona now represents a Canadian dream not only for weather, amenities and now accessible appreciable real estate assets.

However up until now you could only obtain one home and only pay cash!

Today Canadians have the opportunity to leverage their cash and buy not one second home but multiple properties for investment purposes.

So how does our program work?

•1.       5 Year INTEREST ONLY Home Equity Line of Credit at Prime - ¾% with a floor of 4%.  ( APR 4.17%)( As of today, The Prime is at 3.25%, so it would have to move above 5% before the 4% would ever change.)

•2.       2% Loan Origination Fee paid to Amerifirst Financial at closing. No other closing costs, title fees or appraisal fees!

•3.       No loan fees unless borrower cancels the loan in the first 3 years, then there is a $300 fee.

•4.       The loan will not exceed 50% loan to value/cost, whichever is lower MAX LOAN AMOUNT $500,000.

•5.       To qualify, borrowers must first call and fill out an application by phone with The Mark Taylor Team at 602-361-0707.  Upon application, borrowers must supply THREE YEARS tax returns, all pages.

•6.       If borrowers want to extend past the 5 year term, they must re-qualify and then they will have to roll into a 15 Year Amortization 7 Year Balloon at current bank rates.  (Today that is 5.75% 6.18% APR)

•7.       We request 30 days to close but rushes can be looked at on a case by case basis.

•8.       All approvals are done by our investor and are based on the appraisal value and the tax returns.

HERE IS A GREAT EXAMPLE : http://actvra.in/7Qs

NOW HERE ARE THE NUMBERS: $108,000 US for the property example above

DOWNPAYMENT: $54000

MONTHLY PAYMENT: $257 INTEREST ONLY

TAXES, INS AND HOA: $237

TOTAL PAYMENT OF $494 FOR A 4 BED 2 BATH 2100 SQ FT HOME - NOW THAT IS A GREAT OPPORTUNITY!

So why not take advantage of all the economic factors and leverage the Canadian dollar and buy in Arizona! It would almost be crazy not to eh?

close

Re-Bloggged 11 times:

Re-Blogged By Re-Blogged At
  1. April Tammarine 04/26/2011 10:26 PM
  2. Andrea Peter 04/28/2011 02:49 PM
  3. Jennifer Del Castillo 04/28/2011 09:23 PM
  4. Randall Thompson 04/30/2011 10:45 AM
  5. Jazmin de los Santos 04/30/2011 11:18 AM
  6. Jennie Miller, PLLC 05/01/2011 10:48 AM
  7. Bart Haiduk 05/03/2011 04:03 PM
  8. Kirsten Shafer 05/12/2011 12:04 PM
  9. Debbie Robinson 05/13/2011 01:59 PM
  10. Debbie Nieman 06/07/2011 05:31 PM
  11. Craig Bennett 07/06/2011 01:04 PM
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the house to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Arizona
Groups:
BananaTude
Listings By Address
Metro Phoenix Active Rainers
Posts to Localism
Realtors®
Tags:
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california

Comments 1 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
329,854
Sharon Lord
Argent Décor - AZ Vacation Home Furnishing Service
Argent Décor
Mark - that is AWESOME!!!! 90% of our clients are Canadian - they are loving the exchange rates and SMOKING housing deals here in AZ! (And the weather ain't bad, either!)
April 06, 2011 12:16 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tree to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
1,052,526

Mark Taylor

602-361-0707 #MarkTaylor #Awesomerates NMLS#207897
Need a Mortgage Rate Quote?
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Awesomerates





Awesomerates.com

Promote Your Page Too
Visit Mark Taylor 602-361-0707 #Arizona Mortgage #MarkTaylor's profile on Pinterest.
Mark Taylor