Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

Buying property in Michigan USA but live in Canada

Buying property in Michigan USA but live in Canada

Old Aug 2nd 2007, 11:00 am
  #1  
BE Enthusiast
Thread Starter
 
Joined: Mar 2003
Location: Toronto
Posts: 620
celine_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of light
Default Buying property in Michigan USA but live in Canada

Hi guys I’ve been looking into buying property in Michigan USA, I have no idea on how to go about this, can I get mortgage from a Canadian bank for a property in Michigan? or can i get a mortgage from an american lender?

Just wondering if any other Canadians have done this or brits who have bought before the moved to the USA ( i wont be moving there)

I’m sure lots of people who live in Windsor / Detroit area are going to ask why the hell would you buy there ( the market is going down). Well my in-laws live in MI and we are thinking about buying a 2 bedroom house from $50,000 - $70,000 for them and I cant complain at that! bargain!

Thanks for your input
celine_uk is offline  
Old Aug 2nd 2007, 1:01 pm
  #2  
@matthewb76
 
Manc's Avatar
 
Joined: Jul 2003
Location: Missouri
Posts: 21,886
Manc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond repute
Default Re: Buying property in Michigan USA but live in Canada

Originally Posted by celine_uk View Post
Hi guys I’ve been looking into buying property in Michigan USA, I have no idea on how to go about this, can I get mortgage from a Canadian bank for a property in Michigan? or can i get a mortgage from an american lender?

Just wondering if any other Canadians have done this or brits who have bought before the moved to the USA ( i wont be moving there)

I’m sure lots of people who live in Windsor / Detroit area are going to ask why the hell would you buy there ( the market is going down). Well my in-laws live in MI and we are thinking about buying a 2 bedroom house from $50,000 - $70,000 for them and I cant complain at that! bargain!

Thanks for your input
I am looking to sell my house for around $50k in northern Michigan.

if you can get a mortgage gimme a shout *LOL*
Manc is offline  
Old Aug 2nd 2007, 4:27 pm
  #3  
BE Enthusiast
Thread Starter
 
Joined: Mar 2003
Location: Toronto
Posts: 620
celine_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of light
Default Re: Buying property in Michigan USA but live in Canada

Originally Posted by Manc View Post
I am looking to sell my house for around $50k in northern Michigan.

if you can get a mortgage gimme a shout *LOL*
haha not sure if ur joking but i have agree houses are CHEAP there
celine_uk is offline  
Old Aug 2nd 2007, 4:55 pm
  #4  
Ray
 
Ray's Avatar
 
Joined: Mar 2003
Posts: 68,280
Ray has a reputation beyond reputeRay has a reputation beyond reputeRay has a reputation beyond reputeRay has a reputation beyond reputeRay has a reputation beyond reputeRay has a reputation beyond reputeRay has a reputation beyond reputeRay has a reputation beyond reputeRay has a reputation beyond reputeRay has a reputation beyond reputeRay has a reputation beyond repute
Default Re: Buying property in Michigan USA but live in Canada

Originally Posted by celine_uk View Post
haha not sure if ur joking but i have agree houses are CHEAP there
He is serious ...get there before winter
Ray is offline  
Old Aug 2nd 2007, 5:49 pm
  #5  
Bob
BE Site Lead
 
Bob's Avatar
 
Joined: Aug 2004
Location: MA, USA
Posts: 91,723
Bob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond repute
Default Re: Buying property in Michigan USA but live in Canada

Don't know about canadian mortgage, but why not ask your local bank?

As for getting mortgage in the US, can be done, but without US credit history, won't be getting the best rates.
Bob is offline  
Old Aug 3rd 2007, 12:20 am
  #6  
@matthewb76
 
Manc's Avatar
 
Joined: Jul 2003
Location: Missouri
Posts: 21,886
Manc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond repute
Default Re: Buying property in Michigan USA but live in Canada

Originally Posted by celine_uk View Post
haha not sure if ur joking but i have agree houses are CHEAP there
no I am not joking.

Its a fixer upper, and I'm in the process of pumping $5000 into the place to do up various odds and sods........

If however you are looking at a house in South East MI for $50k then you'll end up in a very undesirable area. (think 8 mile and Eminem)

cheaper housing elsewhere in the state is because well, it's in the middle of nowhere like my case.
Manc is offline  
Old Aug 3rd 2007, 12:20 am
  #7  
Not living a 9 to 5 life
 
NC Penguin's Avatar
 
Joined: Jun 2002
Location: North Carolina
Posts: 11,061
NC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond reputeNC Penguin has a reputation beyond repute
Default Re: Buying property in Michigan USA but live in Canada

Originally Posted by Ray View Post
He is serious ...get there before winter
Are you Manc's realtor?
NC Penguin is offline  
Old Aug 3rd 2007, 12:55 am
  #8  
BE Enthusiast
Thread Starter
 
Joined: Mar 2003
Location: Toronto
Posts: 620
celine_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of light
Default Re: Buying property in Michigan USA but live in Canada

Originally Posted by Manc View Post
no I am not joking.

Its a fixer upper, and I'm in the process of pumping $5000 into the place to do up various odds and sods........

If however you are looking at a house in South East MI for $50k then you'll end up in a very undesirable area. (think 8 mile and Eminem)

cheaper housing elsewhere in the state is because well, it's in the middle of nowhere like my case.
They dont need anything speical, they already they live out livonia/redford area. not the best of areas i know but for 50k-70k thats great.
celine_uk is offline  
Old Aug 3rd 2007, 12:55 am
  #9  
BE Enthusiast
Thread Starter
 
Joined: Mar 2003
Location: Toronto
Posts: 620
celine_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of lightceline_uk is a glorious beacon of light
Default Re: Buying property in Michigan USA but live in Canada

Originally Posted by Bob View Post
Don't know about canadian mortgage, but why not ask your local bank?

As for getting mortgage in the US, can be done, but without US credit history, won't be getting the best rates.
Thanks bob, i'll do that.
celine_uk is offline  
Old Aug 3rd 2007, 12:57 am
  #10  
@matthewb76
 
Manc's Avatar
 
Joined: Jul 2003
Location: Missouri
Posts: 21,886
Manc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond reputeManc has a reputation beyond repute
Default Re: Buying property in Michigan USA but live in Canada

Originally Posted by celine_uk View Post
They dont need anything speical, they already they live out livonia/redford area. not the best of areas i know but for 50k-70k thats great.
you can get a house in Livonia for $50k?
Manc is offline  
Old Aug 3rd 2007, 3:17 am
  #11  
BE Forum Addict
 
Ash UK/US's Avatar
 
Joined: Sep 2003
Location: Grand Rapids, MI
Posts: 4,524
Ash UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond repute
Default Re: Buying property in Michigan USA but live in Canada

How about a house in GR? you can buy mine

The housing market here is terrible but then again so is the economy. People are just walking away from home and leaving them to the bank. Lots of forclosures in MI.

Ash
Ash UK/US is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.