europe: Florida Mortgage | Foreign National Homebuyers - "Dollar weakens on Subprime Woes" is good news for you!
- 07/10/07 11:53 AM
Today my Google Alerts popped up with a story from DowJones' MarketWatch. Euro at high vs. dollar amid subprime worries This is great news for Foreign National Buyers in the US. "The euro was up 0.7% at $1.3717. The dollar was down 0.9% against the yen at 122.12 yen. The British pound was up 0.5% at $2.0255." As the US Dollar continues on its weakening trend, Foreign Investors and Foreign Nationals looking to buy investment and/or vacation homes in Florida will continue to benefit from: Low Interest RatesHigh InventoryLow Property PricesCancelled Contracts on New ConstructionForeign Nationals will also be able to experience some Return on Equity - … (18 comments)
europe: Florida Mortgage | Foreign National Homebuyers: Seasoning Funds in US Banks
- 06/27/07 02:37 PM
Foreign National Homebuyers typically purchase properties both Second Homes and Investment Properties in Vacation and Resort areas. With the Florida real estate market being on a downswing but still chock full of new development, Foreign Nationals are finding now to be a great time to purchase their vacation homes in Florida. The weak dollar versus the Euro and British Pound makes this a great time for Europeans! During the purchase transaction, most lenders require funds equivalent to closing costs plus six (6) to twelve (12) months of PITI (Principle Interest Taxes and Insurance) payments to be placed in a US bank account. The lender … (11 comments)
europe: Florida Mortgage | Foreign National Homebuyers: How to get your Loan Started!
- 05/28/07 09:24 AM
Florida is a HOT market for Foreign National's to purchase both Second Homes and Investment Properties. A Foreign National Loan is a very simple process if you have your documentation in place. Here is a great checklist to use when you want to get the ball rolling on that process. Documents needed for a Foreign National Loan Program: Personal Reference Letters from Country of Origin. Bank Statements from a US Based Bank. Information for Employment Verification Copy of Valid Visa Copy of Passport All letters must be translated into English by a certified translator. For more information about Foreign National Loans and how to … (10 comments)
Wow... the Sun Sentinel has finally caught wind of the Europeans that are buying en masse in South and Central Florida these days! The article speaks of why Western and Northern Europeans are growing fonder of the area for both the lifestyle and climate. They printed this map showing that most of the European Buyers are from the UK. There are also many from Denmark and Holland. Right now, Mortgages for Foreign Nationals are at an all time high. It is easier now than it has been in years to get financing at attractive rates. That was actually a point missed by the journalists. Loan Programs … (24 comments)
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Today my Google Alerts popped up with a story from DowJones' MarketWatch.
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