Moving to usa

[twostep]

Originally Posted by JohnSoCal

I just refinanced my home last week in one of the areas hardest hit by the housing crisis. Appraised value has dropped from $650,000 to $280,000 since 2006.

I had no trouble getting a standard conventional 30 yr fixed rate mortgage at 4.25%. The Loan to Value for my refi is exactly 80% ( 20% down ). I could easily have gone to 95% Loan to Value but would have had to pay PMI.

How long have you lived and work in the US?

[JohnSoCal]

Originally Posted by twostep

How long have you lived and work in the US?

I have lived and worked in the US since 1959 ( 52 years ) except for 4 years in Mexico, 2 years in Venezuela, and 16 months in Canada.

[JohnSoCal]

Originally Posted by mousem

Thank you so much johnsocal. That is the info I finally received from someone else. I was starting to get very discouraged I believe I will have the 20 %, but was concerned if I turned up a little shy.

I need to point out that both my wife and I have FICO scores ( Credit scores ) above 800 and we have excellent debt to income ratio.

[mousem]

Our FICO scores are great as well, and we will have no outstanding debt here in Canada when we leave. I did get in touch with a US mortgage rep and we will not have any issues getting a mortgage. Even if we are short of the 20 percent we are still goig to be ok. So thanks .

[JohnSoCal]

Originally Posted by mousem

Our FICO scores are great as well, and we will have no outstanding debt here in Canada when we leave. I did get in touch with a US mortgage rep and we will not have any issues getting a mortgage. Even if we are short of the 20 percent we are still goig to be ok. So thanks .

Congratulations. From what you had said, I didn't think you would have any trouble. So many people just listen to the press which exaggerates everything. If you have good credit then you will have no trouble getting financing. People with lower FICO ( < 750 )scores can still get mortgages but they will pay a higher interest rate and maybe an extra fee.

Good luck with your move here. Where are you going to be moving to?

[mousem]

We are moving from Toronto Ontario,to Alabama. Big changes ahead for us thanks again.

[JohnSoCal]

Originally Posted by mousem

We are moving from Toronto Ontario,to Alabama. Big changes ahead for us thanks again.

You are welcome. That is a pretty radical change, climate wise, culturally, politically. etc. The cost of living is much much lower in Alabama than Toronto. I am not saying Alabama is bad, just different. I hope you like it. I would rather live in Alabama than Toronto. I have spent time in both places.

[david_benhur]

Hi
I was looking for movers, how can help in moving.

[Fatbrit]

Originally Posted by mousem

Our FICO scores are great as well, and we will have no outstanding debt here in Canada when we leave. I did get in touch with a US mortgage rep and we will not have any issues getting a mortgage. Even if we are short of the 20 percent we are still goig to be ok. So thanks .

It's not over till the fat lady sings. And she often starts moaning on closing day.