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foreign national: May Updates for TheMortgageGoToGuy.com - 05/23/08 01:17 PM
I got a little busy this month...writing a little more than I expected so I will post a few more updates in the next couple of weeks but for now this is the update for the Month of May on The Mortgage Go To Guy.com ... keep checking the site www.themortgagegotoguy.com for changes as it is going through a major overhaul! Archive for May, 2008 Foreign National Investors need their own Real Estate Agents
Foreign Nationals interested in taking advantage of the weak dollar are finding great values in Florida Real Estate. In this buyer’s market it is important that all … (0 comments)
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foreign national: Florida Mortgage | Foreign National Buyers shift Target Focus - 03/29/08 03:51 PM
Due to the dwindling availability of loan products and lenders for Foreign Nationals to purchase property in Florida, many Foreign National Real Estate Buyers in the US are having to change their focus... both in property and investment type.
Foreign Nationals will soon see the targets of their purchases changing from the traditional Second Home or Vacation Property to different investment grade properties and other ventures in Real Estate.
Foreign Buyers may have to join forces and form Syndicates in order to purchase commercial properties with higher price tags. Higher prices coupled with higher cash flows will be attractive to Foreign Nationals who … (1 comments)
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foreign national: Florida Foreign National Investors | Short Term Rental Permits increase the value of your investment property - 12/20/07 08:49 PM
Foreign Nationals looking to purchase 2nd home and investment properties in Florida need to look no further than the availability for Short Term Rental Permits if they want to have the ability to rent out their condominium, single family house, or townhouse when they are not using it much like they would find in a Condo-Hotel/Condotel.
Many cities have created a licensure process for property owners and developers that will allow a property to be rented more than once within a year and with rental commitments/leases as short as a few days to a few months.
For instance, in Clearwater Florida, all short … (0 comments)
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foreign national: Florida Mortgage | Foreign National Homebuyers - Visa Waiver Program - 07/20/07 10:07 AM
Lenders require Foreign National Borrowers to provide a copy of a valid passport and current Visitor Visa as part of their documentation requirements.
The Visa Waiver Program is available to residents of certain countries to come to the United States and stay for a period of no longer than 90 days without obtaining a visa. These Foreign Nationals can come for either Tourism or Business reasons... Business or Pleasure.
In order for a Foreign National that qualifies for the Visa Waiver Program to obtain a Mortgage on a Second Home or Investment Real Estate, the Foreign National Borrower will need to obtain a … (6 comments)
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foreign national: Florida Mortgage | Foreign National Homebuyers - "Dollar weakens on Subprime Woes" is good news for you! - 07/10/07 06:53 PM
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 - … (19 comments)
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foreign national: Florida Mortgage | Foreign National Homebuyers: Seasoning Funds in US Banks - 06/27/07 09:37 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)
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foreign national: Florida Mortgage | Foreign National Homebuyers: How to get your Loan Started! - 05/28/07 04:24 PM
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 get your … (12 comments)
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foreign national: Florida Mortgage | Foreign National Homebuyers: Europe has come calling! - 04/10/07 09:50 PM
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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David A. Podgursky, PA
Boynton Beach,
FL
More about me…
Boynton Beach & Lake Worth Florida Real Estate Broker Associ
Address: Boynton Beach, FL, 33437
Cell Phone: (561) 504-6949
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Boynton Beach Florida | Boca Raton Florida | Commercial, Residential, Investment Mortgage Loans | Foreign National | Refinance | Serving Palm Beach, Broward, and Miami-Dade Counties in Florida Blog by The Mortgage Go To Guy
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