MortgageDepot focuses on assembly the challenges confronted by debtors who’re international nationals. Our entry to a number of lenders providing a wide range of financing choices and packages fitted to nontraditional debtors, helped a consumer underneath contract buy a rental in Aventura, Florida.
The consumer was a international nationwide, non-permanent resident and a first-time homebuyer. He was self-employed in Ukraine and his enterprise had solely been included in america for one 12 months, however had been producing earnings within the U.S. for 2 years. After beforehand searching for financing for the rental elsewhere with no success, he contacted one in every of our gifted mortgage originators, Julia Knurova, for help, who was capable of ship options tailor-made to his scenario.
Within the transaction, Julia translated Ukrainian paperwork into English to supply an in depth rationalization of the scenario to the underwriter. The consumer was rate-sensitive and wanted a mortgage with out a prepayment penalty. Via MortgageDepot’s inventive mortgage packages, Julia was capable of efficiently get the consumer an 80% loan-to-value on a warrantable rental. With an ARM mortgage, the consumer certified for a decrease rate of interest.
Finally, Julia and the MortgageDepot staff had been capable of accomplish what different lenders couldn’t. To debate your distinctive lending scenario with a talented mortgage mortgage originator, contact MortgageDepot at present.