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Documents Required for Pre-Approval:
● Completed Foreign National Loan Application● Copy of Identification, Passport, and/or Driver’s License● Resume or Curriculum Vitae (if applicable)● Proof of Address● Any cable, electric, or water bill under your name that shows the current address where you are living
● If Self-employed or Owner of the Company:● Last Two (2) Years of Personal Tax Returns● Year to date personal financial statement prepared by your accountant● Last (2) Years of Business Tax Returns● Year to date business financial statement prepared by your accountant (Profit & Loss)
● If Employed:● Last Two (w) Years of Personal Tax Returns● Last Two (2) Pay Stubs● Name, Telephone, Email of person who will give information from your current job. This individual must complete a verification of employment.● Copy of Last Three (3) Months of Bank Statements for all accounts both inside your country and outside (if applicable) wherever assets can be sourced.
● Documents Required for Final Approval:● Copy of Fully Executed Sales Contract● Copy of Checks and/or Transfers● Given to Seller as payment for the property
Residential and Commercial Mortgages for Foreigners element
Residential and Commercial Mortgages for Foreigners
Types of programs
● Fixed loans for 30, 20, and 15 years● Adjustable mortgages in rate for 1, 3, 5, and 7 years type of property● Types of Payments
Customers can choose between two different payments:
● Principal plus interest● Interest-only
Payment Features
● NO penalties for prepayment● Customers can pay the entire loan or make additional payments without any penalty
Title
● Clients can choose to close the loan under the figure of Corporation● Limited Liability Company or Personal Title