We are thrilled to report that Tri-Forbes recommends RBC Centura Bank as our lender of choice. RBC Centura Bank is affiliated with the Canadian arm of the Royal Bank of Canada. As one of the most trusted, well known, major financial institutions in Canada, RBC is now set to serve the needs of Canadians while in the USA.
RBC Centura Bank has some great innovative mortgage loan programs for Canadians buying properties here in Florida. Instead of being treated as a foreign national, where the minimum down payment is 20%, now a Canadian resident can receive the same treatment as a US citizen, with 100% loans available. Not only that, since one in three Canadians already banks with RBC, the whole loan process here is made much smoother. Check out some of the advantages:
- Communication from Contract to Closing
- SIN (Social Insurance Number) accepted
- No USA score required
- No prepayment penalty
- Competitive rates/low down payment options
- Homebuyer Reward Package
- Seamless banking between Royal Bank and RBC Centura Bank
RBC Centura Bank understands Canadians like no other bank in Central Florida.
At time of writing (May 2006), the Canadian dollar has become so strong, that investing in properties in the USA has become much more attractive.
Take a look at the difference the exchange rate makes on a typical $280,000 Orlando vacation/second home with pool:
May 2006 - US$280,000 = CAD$310,000
May 2005 - US$280,000 = CAD$350,000
May 2004 - US$280,000 = CAD$383,000
May 2003 - US$280,000 = CAD$386,000
May 2002 - US$280,000 = CAD$428,000
What a phenomenal difference in such a short time! Even in one year, since 2006 and 2005, the same priced house costs a Canadian CAD$40,000 LESS!
Why not take advantage now, of both the exchange rate and the great deals on financing? Whether your plan is to invest, or for a vacation/second home, or even for relocating to the Orlando area or Tampa Bay, contact Tri-Forbes today and we'll get you started on realizing your goals.
