Buying US properties for Canadians
For this reason, being an IT guy I am looking for a comprehensive guide to purchasing a property in the US being a Canadian citizen/non-resident US. Some of the questions that pop in my mind are:
1) If I have a job in Canada, would the local banks here give a mortgage to purchase a property in the US? If yes, then would the mortgage be in USD or CAD?
2) Can the banks in the US provide a mortgage to a Canadian if he/she has a job in Canada? In this case, I assume the mortgage would be in USD and less complex. Probably US banks would require less downpayment than typical Canadian 20%.
Appreciate it if anyone can share their stories of how they acquired properties in the US being Canadian. Please also include tax implications if you could.