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Updated 5 months ago on . Most recent reply
Home owner loan/mortgage
I am a non US resident investor. I own a rental in Ohio and would like to increase my investment (purchase another one or maybe two).
I would need a long term loan or mortgage using my house as collateral. I have already spoken to various lenders, but the minimum loan offered ($100k+) and especially the LTV required make their offers unattainable at present. Is it possible to borrow with fewer constraints? Would any lender also consider properties held overseas?
Can anybody point me in the right direction? Thanks in advance for any suggestion.
Most Popular Reply
Quote from @Salvatore Spano:
I am a non US resident investor. I own a rental in Ohio and would like to increase my investment (purchase another one or maybe two).
I would need a long term loan or mortgage using my house as collateral. I have already spoken to various lenders, but the minimum loan offered ($100k+) and especially the LTV required make their offers unattainable at present. Is it possible to borrow with fewer constraints? Would any lender also consider properties held overseas?
Can anybody point me in the right direction? Thanks in advance for any suggestion.
@Chris Wharton can do a smaller loan
- Remington Lyman
