After a 4-month process with a major U.S. bank, our Expat client gets denied due to lack of U.S. income. BUT, America Mortgages saved the loan with an even lower rate and closed in 30 days!
Our client is a senior partner at an U.S. law firm based in Hong Kong for the past 2 years. He was living previously in New York but grew up in Florida. In August last year, he decided to take advantage of the low interest rates and buy a second home in Ft. Lauderdale.
Our client has almost perfect U.S. credit and a high-income earner. He naturally goes to his bank in New York (let’s not guess here) and after 4-months of late night calls, not having emails replied back, speaking to call centers and having to explain that there are no zip codes in Hong Kong – his loan was rejected after finding out his income was actually earned in Hong Kong. Unreal, right?
We hear this story literally every day!
He did a search online and gave us a shot. Needless to say, being able to speak to a mortgage specialist in his own time zone was already a big deal.
We got him into a 30-year fixed mortgage at 2.75% at 80% Loan-to-value! He said the rate was even lower than he was quoted at his bank.
Since he had all the paperwork completed already we were able to fund the loan in under 30 days!
He’s now referred us to 5 of his Expat friends in Hong Kong.
America Mortgages, Inc. is a U.S. mortgage broker focusing only on U.S. Expats and Foreign Nationals living overseas. We offer over 150 U.S. bank and lender programs direct to our clients around the world.
America Mortgages is wholly owned by Global Mortgage Group Pte. Ltd. an International Mortgage Specialist based in Singapore with offices and partnerships around the world.
