Foreign National Mortgage Loan

Items needed for a mortgage loan upfront:

Gather all these in pdf format, break into two or three emails to send smaller files

Past two years Federal Tax returns signed From your country & United States returns with rentals

Past 90 days actual bank statements (not online printouts). Online printouts are when you just download a screen print. Instead, go to "print a statement" and save as pdf. in your computer to forward.

All deposits larger than $500. that are not payroll must have a paper trail

Two types of ID : driver’s license / passport copies
Sign the attached five forms

credit card for $150 international credit report
four credit references written on the Loan Application 1003

Complete 1003 mortgage application

Schedule of real estate owned

Mortgage bill, front page of fire insurance, and property tax bill

Current paycheck stub for 60 days

All loans are full recourse and in the Borrower’s name. Foreign Nationals can get loans in the U. S. but you need to establish credit in the American system as rates are partly driven by FICO score. A Canadian will only have a Beacon score, but can establish Experian, Tran Union and Equifax files by opening small secured VISA or Mastercards with American companies.

 

 

Establishing credit in the U. S. will also be helpful in opening American bank accounts as you will need to pay bills in American dollars and receive rents in our exchange.

We DO NOT loan to LLC’s or entities. If you went to a seminar that told you to invest in different LLC’s to avoid lawsuits or taxes you wasted your money on the seminar.

Acquiring a mortgage on Residential property in the United States is full recourse and in your name or as Joint Tenants. Getting a loan after the crash of 2008 is not simple or easy. If you do not want to provide some of the paperwork you will not get a low interest rate.

 I also have low documentation loans available but the mortgage Rates are more than double because of the risks. Low doc loans start at eleven percent and can be as high as thirteen percent for non-owner occupied foreign nationals buying in the U. S.

 

 

58 Carlsbad Open House

Holding Open House with my friend Darlene Kelly CFL Real Estate at
58 Carlsbad, Aliso Viejo California
Sales price of this condominium is $369,900.00
2 bedroom 2 baths
Built 1996

open 12- 5 today Saturday 8/10/2013

Ocean View Lot Auction

Ocean View Lot in  Monarch Beach Auction

 $2,300,000 for a 14 Acre lot with just a little slide problem.
The Coastal Commission will allow you to build a 18000 square foot house.
This Dana Point address will never have comparables BUT the views are stunning.
Because the lot is cut into the hillside you could see to San Diego California on a clear day

Save Money - Free Refinance Review

 

 

Easy project for home gardens and Cheap! Galvanized Wash tub  recycled into planter. Poke holes in the bottom with a hammer and nail, add six inches of gravel then compost and save cuttings of a variety of succulents. Keep adding new pieces as you see which ones survive- rarely or never water

 

Reduce your payments or

increase your home’s value

Traditionally, homeowners resort to refinancing whenever they believe they can

reduce their monthly mortgage payment by a lower rate or by debt consolidation.

Let’s say refinancing will save you $150 a month due to a common reason today, paying off

other high interest rate debt. That’s good news, but you have to weigh these savings against

other factors such as having less to write-off in taxes, and in recouping refinancing costs.

An additional reason to refinance is to make home improvements. Rather than move up to a

larger home with higher property taxes, many Americans have elected to stay put.

 

I will review if we can get you out of expensive mortgage insurance

 

- I am seeing many clients reduce their monthly nut by $300 to $400 by refinancing

 

 from FHA to conventional with the raise in values. We can arrange for a free property profile,

 

So, knowing your primary goal — whether to reduce your overall monthly payments or to make

your home even more valuable with improvements — will tell you when to refinance.

If you would like more information about refinancing, call me today.

 

Caroline Gerardo

Mortgage Banker

W.J. Bradley Mortgage Capital, LLC

20341 SW Birch St., Suite 330

Newport Beach, CA 92660

Office: 949.637.8190

Cell: 949.784.9699

caroline.gerardo@wjbradley.com

http://mywjb.com/caroline-gerardo/

http://cgbarbeau.blogspot.com/

 

NMLS: 324982

Another easy and cheap/ free home garden project. This table was discarded road side. Distressed finish was already prepared. move an arrangement of white blue and green for a cool and soothing corner of your yard or patio.