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How to Buy US Homes
Jared: Great question, and the reason it's a good question is no. We can only do mortgages
in Canada. We're not licensed to do the United States of America. What most people are doing,
because most people are buying recreational properties in the United States of America
right now, because they are extremely cheap.
So what most people are doing is, most people are using actually the equity in their homes,
especially the people from here who have had homes for 10 years or so, and have built up
quite a bit of equity. so what they're doing is, they're arranging a secure line of credit
which is what we do also, and then they're going down and buying the U.S. properties,
so they void that property.
So that seems to be the best way to do that, and it still can technically be deducted off
your account, can be a write-off depending on if you're renting it out, and so forth,
that type of questions.
But no, most of the lenders we work with are TD, Scotiabank, National Bank, Coast Capital,
you know, all the various major institutions out there. So on that part of it, that's who
we work with.