Servicing your Canadian Mortgage in Florida
We can assist with your Canadian mortgage needs while you are spending time in Florida, helping you manage financing in Canada without having to wait until you return home.
Our services may include mortgage renewals, refinances, purchases, equity take-out, and reverse mortgages. Our goal is to help Canadian snowbirds understand their options, access competitive financing, and structure their mortgage in a way that supports their financial goals.
With experience working with Canadian borrowers on both sides of the border, SFC helps simplify the process and coordinate the financing required to support a U.S. property purchase or other borrowing needs.
Three Popular Financing Options
Option 1 – Refinance Your Canadian Property
You may be able to refinance your Canadian property and use the available equity toward the purchase of your Florida home. Depending on your financial situation, this can reduce or eliminate the amount of financing required in the United States.
Option 2 – Combine Canadian Equity with U.S. Financing
You may also choose to use a combination of Canadian and U.S. funds. We can help you access available equity from your Canadian property and, if additional financing is required, assist with arranging financing on the U.S. property through an appropriate lending option.
Option 3 – Reverse Mortgage
For eligible Canadian homeowners age 55 or older, a reverse mortgage may provide access to a portion of the equity in your home without requiring regular mortgage payments.
The amount available depends on factors such as your age, property value, lender guidelines, and existing mortgage balance. Interest accrues over time, and the loan must eventually be repaid in accordance with the lender’s terms.
The right financing strategy will depend on your equity, income, age, cash-flow needs, and whether your Florida property will be used personally, as an investment, or both.
Convenience is an important part of the service we provide. With office locations in Ontario and Florida, SFC can assist you on either side of the border.
Visit us in Naples or Miami, with additional locations planned as we continue to grow. And if it’s more convenient, we can even meet you while you’re enjoying the Florida sunshine.
Did you know many Canadian snowbirds simply renew their mortgage with their existing lender without comparing other options?
For some, the timing is inconvenient. Their renewal may come due while they are spending the winter in Florida, or they may not want to spend limited time back in Canada shopping for a mortgage.
SFC can help you review your renewal options remotely, compare available mortgage products and rates, and complete much of the process while you are still in Florida.
We can also help you consider how your Canadian mortgage fits into your broader financial plans, so your financing continues to support the snowbird lifestyle you want to maintain for years to come
Call today to get your free consultation – 1.877.754.2004