Search found 2 matches

by Stuart G
Wed Oct 27, 2004 2:05 pm
Forum: Canada / United States Tax & Accounting
Topic: Can TN Buy a house in USA?
Replies: 11
Views: 19495

I will second Matt's recommendation against buying on a visa/work status "in general". Don't do it unless you are able to handle losing every penny that you paid on downpayment, closing costs, and monthly mortgage payments. If the housing market you are in drops (and they all do from time ...
by Stuart G
Wed Oct 27, 2004 2:02 pm
Forum: Canada / United States Tax & Accounting
Topic: Can TN Buy a house in USA?
Replies: 11
Views: 19495

If you have 24 months of US credit history then you don't need to use your Canadian credit history. In that case it is also possible to do the common 80% 1st and 5/10/15% 2nd mortgage option that is available to other US residents. That means that you can hold onto your cash and still avoid PMI (mor...