foreign national loan: 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)
|
foreign national loan: 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)
|
foreign national loan: 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)
|
foreign national loan: 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)
|
|
|
|
;)
;)
