Posts

Showing posts from July, 2017

Barclays Launches A New Mortgage Product

Barclays and ABSA has launched a new mortgage product that will allow UK citizens to buy property overseas and non-UK citizens to buy property in the United Kingdom. ABSA is the largest mortgage provider is South Africa. Together with Barclays the make the perfect team in providing expert mortgage advice and offer the best mortgage products for Barclays and ABSA costumers. There are some aspects that affects the International mortgages applicants like the foreign exchange control rate when they decide to purchase a property in a foreign country . For example, if a UK resident wants to purchase a property in a foreign country, they can only do so if Barclays or ABSA is present in that specific country. They will also need to comply with the exchange control rulings which states how much money you are allowed to take abroad. UK residents or any other resident, where Barclays is present can qualify for loans up to 50% of the total loan value in South Africa. Barclays international ...

Foreign Nationals Mortgage and International Mortgage Borrowers

There are many loan options for foreign nationals in the United States. These are loans for people who are not U.S. citizens and do not hold a green card. These foreign international mortgages open up a lot of opportunity for people to buy both a primary residence or an investment property . The loans that are offered to foreign nationals are similar to those offered other borrowers, although the fees lenders charge can be slightly higher. Foreign Nationals Mortgage Loan Options Loan options for foreign nationals can include: -regular conventional thirty year fixed -adjustable rate loans -minimum payment options loans -investment property loans -stated income loans Keep in mind that there may be additional hurdles that foreign nationals can face. If you are self-employed you may need to show documentation of your business in the United States. This can include business licenses, city business permits, tax filings, or other supporting documentation. This can be crit...