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Updated over 6 years ago,
Lending for non residents
Hey guys! Hope everyone’s had a great weekend!
So I’m a non resident living in the US for some time now and am getting closer to pulling the trigger on my first investment property. The most difficult part is trying to get financing given I’m a non resident. I’ve found and been in touch with lenders discussing my situation and it looks like I can’t get a fixed rate mortgage. The best I’ve seen is a 3/1 ARM at 7.5%.
Does anyone know more about this topic or has even invested being a non resident?
Thanks guys!