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Updated over 10 years ago on . Most recent reply
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How to get a 5% loan/mortgage as a non US resident/citizen?
Hello all,
here comes a real challenge and I hope you can help.
I live in work in Europe with plan to invest in US.
After good research I know where and what to buy. The last problem I want solve is to find a way to finance part of the properties (50%) via a mortgage or lean with max 5% interest rate. So far I only have seen offer starting from 7%. All above 5% damages the caprate too much.
Any creative idea?
Thx Andreas
Most Popular Reply
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Hey guys,
I corresponded with a few branch managers in the past that said it could be possible but a longer term relationship would need to be established with the bank.
Start of with a normal account and progress to secured credit card, then unsecured. Buy 2-3 cash properties with rents to be deposited into the above account.
Then they might consider lending as the decision would be kept in house and the money would be coming direct from the bank and not another lender.
Haven't yet looked into these options as of yet. Seemed like quite a process lol
Thanks for reading
- Engelo Rumora
- Podcast Guest on Show #89
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