Can I Get a Home Equity Loan on a Property I Own in Canada, if I’m an American Citizen?

I own, (thru an inheritance) a cottage/home in Ontario,Canada. Where can I go to get a home equity loan on it? I own the property out right and only...


I own, (thru an inheritance) a cottage/home in Ontario,Canada.
Where can I go to get a home equity loan on it?
I own the property out right and only pay yearly taxes on it.
Althought the property is in good shape,I would like to do some improvements on this property so I can rent it out year round.
Any Ideas or suggestions?
I'm an American citizen - Michigan and this is an Ontario, Canada ( 5 streets from Lake Huron on Ipperwash Beach) Property.

Posted in All American Home Improvement

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One Response to “Can I Get a Home Equity Loan on a Property I Own in Canada, if I’m an American Citizen?”

  1. je says:
    May 2, 2009 at 6:56 am

    It depends on what lending company you want to use. Some banks have branches in other countries you will have to shop around for the best interest rates... call your bank first see what they say.

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