MORTGAGE LOAN FOR FOREIGNER

MORTGAGE LOAN FOR FOREIGNER

HOME LOAN FOR NON-RESIDENT MORTGAGE FOR FOREIGNER IN USA UK

A mortgage loan for a non-resident foreigner is by definition a mortgage that is addressed to any foreigner in a country to enable him to acquire a property (house or flat) without residing there.

A mortgage loans for foreigner non-resident are sometimes accompanied by obstacles in view of the repayment term of mortgage loans in general, with mortgage lenders wanting to be sure that the foreigner will not leave the country without having finished repaying the loan.

A home loan for foreign citizens will often depend on the financial situation and the collateral that the mortgage loan applicant who does not reside in the country of the bank will offer, if he has assets that can be pledged in favor of the lender in the foreign country.

Real estate financing for non-residents is also very dependent on the down payment that the borrower or the equity contributing in relation to the value of the property (loan to value ratio) but also in relation to the market value of the property particularly in the United-states (USA) and United Kingdom (UK).