U.S. Expat Takes Advantage Of Lower Rates To Increase Rental Yield On Summer Home.

The Client

A U.S. Expat living in Hong Kong working in the IT field. He wanted to refinance his 4-bedroom Tempe, Arizona home, which used to be the family’s residence and is now used as a short-term rental so the family can use it over the summer school holidays.

How We Helped

The client was working for a global company. He was currently on his U.S. tax filings, but his income was foreign-earned, no "normal" payslip, no U.S. bank account, and no W2.

Once we had all the required documentation settled, we packaged the loan and shopped for the best rate and terms. Our mortgage specialists helped the client structure several letters of explanation regarding how his income was calculated and the use of the rental property (Airbnb).

A formal mortgage offer was received within ten working days and closed shortly after that. The client was able to lower his current interest rate by a full percent on a 30-year fixed savings of thousands of dollars in long-term financing costs.

U.S. Expat Mortgages

America Mortgages offers conforming loans to U.S. Expats living and working overseas.

These loans are identical to walking into your local U.S. bank but very specific to earning your income abroad as an expat overseas.

Getting a conventional mortgage can be frustrating, problematic, and time-consuming when you don’t fit the standard "box".

Where you earn your income shouldn’t be a negative factor when applying for a home mortgage, but it often is when you live overseas. American Mortgages understands these issues and has proven, results-driven solutions for Expats.

For example, America Mortgages does not require US citizen borrowers to have a W2 from their employer.

Rates have never been lower, so it’s a perfect time to lock into a long-term rate.

International Mortgage Highlights

• Overseas income and credit accepted
• Maximum loan-to-value for is now 80% for purchases, refinancing, and equity release
• Many term options: 15-yr fixed, 30-yr fixed, 5-yr ARM, 7-yr ARM
• Minimum loan amount is $150,000 and a maximum of $5,000,000
• All loans can be amortized over 30 years, regardless of age
• Interest-Servicing Only (Interest-Only) payments are also available

America Mortgages Inc. is a mortgage broker focusing only on U.S. Expats and Foreign Nationals living overseas. We offer over 150 U.S. bank and lender programs direct to our international clients. America Mortgages is wholly-owned by Global Mortgage Group Pte. Ltd. an international mortgage specialist based in Singapore.

www.americamortgages.com

Https://www.americamortgages.com/the-requirements-and-process-for-getting-a-u-s-mortgage-loan/