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Updated almost 8 years ago on . Most recent reply

User Stats

86
Posts
17
Votes
Simen Gundersen
  • Investor
  • Oslo, Oslo
17
Votes |
86
Posts

Refinancing options for non us residents

Simen Gundersen
  • Investor
  • Oslo, Oslo
Posted

Hi everyone. I'm a non us resident and i'll have acquired my first SFH in the US by the end of the year.

As a non us citizen I have been able to get financing for 50% of purchase price at 10% interest, 3 points and 15 years amortization. This eats away almost all my profit however, so I am wondering how I would be able after I have closed on the property to refinance into better terms

Does anyone know what options I have to get my mortage costs down? 

It will be a turnkey property

Thank you so much

Areas i'm looking at: Ohio and Memphis

Most Popular Reply

User Stats

86
Posts
17
Votes
Simen Gundersen
  • Investor
  • Oslo, Oslo
17
Votes |
86
Posts
Simen Gundersen
  • Investor
  • Oslo, Oslo
Replied

@Douglas Skipworth huge thanks. Sent you a PM now

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