Forum Replies Created

Viewing 4 posts - 21 through 24 (of 24 total)
  • Profile photo of Troy McErvaleTroy McErvale
    Member
    @troy-mcervale
    Join Date: 2011
    Post Count: 27

    Stay away. It is a scam

    Profile photo of Troy McErvaleTroy McErvale
    Member
    @troy-mcervale
    Join Date: 2011
    Post Count: 27

    Finance is possible for Australians.

    If you live in Australia, it is harder than if you are a non-resident.

    The property location in the US is also a factor, as is the purchase price.

    Happy to advise you personally if you want further information. Just send me an e-mail.

    Profile photo of Troy McErvaleTroy McErvale
    Member
    @troy-mcervale
    Join Date: 2011
    Post Count: 27

    Feel free to e-mail me if you like – [email protected]

    I have been a mortgage broker for 10 years in Australia. and have a good knowledge of financing options in the US as well. If I cannot help you, I may know somebody who can.

    Profile photo of Troy McErvaleTroy McErvale
    Member
    @troy-mcervale
    Join Date: 2011
    Post Count: 27

    Achieving a mortgage for a non resident is almost impossible, but still able to be achieved, depending on a number of factors.

    The biggest problem is that the almost sole source of liquidity for US lenders is Fannie Mae, and Fannie Mae (nor Ginnie Mae or Freddie Mac for that matter) extend credit to individuals who are not a citizen nor resident of the US.

    There are some international banks that offer international mortgages to offshore investors, as well as some local state-based lenders that may consider credit to offshore investors – espcially in Florida or Texas for example. So the answer to your question is that the lender selection will depend on where the property is located, as well as the purchase price.

    If you want to research this yourself, you can; but I promise your efforts will exhaust you. You are best to use a broker that specialises in this area.

Viewing 4 posts - 21 through 24 (of 24 total)