Hi Mr. Moore,
I have been searching for a bank that can help me with loan for my clients that are a majority of non/perm/or just have a work permit but, have been her more than 2yrs. residents I am aware that Countrywide does these loans is there anyone else that my broker can join so we can close our loans. Countrywide will not accept outside brokers from what we have been told. Can you help. I would greatly appreciate it. I from California. Thank for your time.

Posted on 10/07/2006 at 7:51 AM

I understand these decisions as safety measures for the national financial equilibrium but I also think they are good investors and also they need encouragement.

Posted on 10/25/2007 at 6:49 AM

Do you still do lending for foreign nationals?  Also, do you finance condo hotels to foreign nationals?

Posted on 11/03/2008 at 11:02 AM

Wish it were still so easy.
Although there are lenders still willing
to make loans, the loan to value percentages have been reduced.

In most cases these borrowers need about 1/3 down.

As for condo hotels the scenarios are
worse.

Posted on 11/04/2008 at 6:55 AM

James,  I need to know the names of these institutions that are willing to lend.  The down payment of 1/3 or more down is fine.  My customers are willing to put a down up to 40% of the LTV. Regarding Condo Hotel financing they are willing to put down at least 40% or more.  I need an URGENT REPLY. Thank you.

Posted on 11/04/2008 at 8:35 AM

email me at:  .(JavaScript must be enabled to view this email address)
and I will give you my contact telephone
information

Posted on 11/05/2008 at 3:13 PM

yes and have someone write a letter that
you’ve piloted the space shuttle, and
next time it goes up you can be Mission Commander

Posted on 11/05/2008 at 4:21 PM

All mortgages are full status and proof of income and outgoings will be required. Mortgages can be arranged for acquisition & construction purposes. A deposit of 20% of the purchase price is generally required and you will also be liable for solicitor’s fees. Australian mortgages are Principle and Interest (Repayment) or Interest Only for up to 5 years then Principle and Interest will be applied to the loan. The maximum term available is 30 years, but will depend on age of the applicant and the age at the end of the mortgage term.Australian lenders assess eligibility for a mortgage on the applicant’s ability to service the loan and potential rental income from the property. The general guideline is as follows: of an applicant’s net income 33% should cover existing outgoings and the monthly repayment on the overseas mortgage. If you are self-employed income is assessed as the average of the last three years’ net income. A percentage of rental & investment income may also be considered. If employed a lender will base your income on your payslips and the amount that is credited to your account monthly.Outgoings considered are liabilities such as current mortgage/rent, personal loans & maintenance commitment.

Posted on 01/17/2009 at 4:43 AM

Is it possible to a mortgage loan refinance if the main borrower is a non-us resident and do not live in the US. There is a second name on the loan holding a F-1 visa. Any Advise?

Posted on 11/15/2009 at 5:18 PM

i am a foreign national and am in th eprocess of buying a property in the fort lauderdale area. Most banks are asking rediculous terms, like 24 months of mortgage payments reserved. We are able to put 30% down. Could you please point me in the right direction ?

Posted on 01/09/2010 at 8:54 AM