America Mortgages introduces an equity release loan program to give international investors of U.S. real estate an effective way to pay off debt from inflation.
SINGAPORE, SINGAPORE, September 9, 2022 /EINPresswire.com/ — America Mortgages, Inc. the largest mortgage originator for non-resident foreign nationals and U.S. Expats investing in U.S. real estate and a member of Global Mortgage Group (GMG), today introduced an equity release loan program (cash-out) to give international investors of U.S. real estate an effective way to pay off debt that has risen along with inflation.
Why Global Investors Need an Equity Release Loan Program Right Now
Globally, everyone is grappling with a higher cost of living expenses and credit – driven by a combination of rising prices, and record-high credit card rates resulting from the Federal Reserve’s aggressive Fed funds rate increases. This combination has consumers looking for options to make their monthly payments more manageable. For international real estate investors in particular, an equity release loan program offers a practical path to tap into existing U.S. property value without selling assets or navigating unfamiliar local lending requirements.
Leadership Perspective on the New Equity Release Loan Program
“Our goal is to consistently curate U.S. mortgage products that help our non-resident foreign national and U.S. Expat clients achieve their goals,” said Robert Chadwick, CEO of America Mortgages. “In the current market, short-term interest rates have risen sharply – making it much harder to pay off credit card debt and in some cases daily living expenses. This is a global problem that impacts our clients, so it’s important that we act quickly and decisively. With our new America Mortgages equity release loan program, clients can improve their lives by cashing-out from their existing U.S. real-estate property holdings, either commercial or residential, having a payment they can more comfortably afford while paying off higher interest debt.”
The Data Behind the Equity Release Loan Program Demand
According to the Federal Reserve, in total, there is more than $28 trillion in home equity. At the same time, a recent report from the Federal Reserve Bank of New York shows the U.S.’s total household debt stood at $15.84 trillion as of Q1 2022 – $1.7 trillion higher than at the end of 2019, before the COVID-19 pandemic. The report also showed that credit card balances in Q1 were $71 billion higher than in 2021.
“Although these are U.S. figures, the current situation is global. As 100% of America Mortgages’ clients are living and working abroad but owning U.S. real estate, there needs to be a viable solution for these investors as well. We feel we’ve found one which gives our clients time to reset, relax and breathe.” Chadwick stated.
Equity Release Loan Program Terms and Eligibility
In all 50 states, global U.S. real estate investors can access up to 80% of their property’s equity in 30-40-year term, fixed-rate loans with interest only options available. This new equity release loan program fits well into the America Mortgages’ platform, providing a financial solution no matter the need. With a variety of mortgage loan options, foreign national and U.S. Expat borrowers can qualify regardless of whether they have existing property debt, U.S. credit, or income proof.
This flexibility makes the program especially valuable for investors who may not meet the documentation standards required by conventional U.S. lenders, but who hold significant equity in their existing property portfolio.
“America Mortgages’ talented and experienced U.S. focused product strategy and capital markets team members came together quickly to develop this important mortgage product, demonstrating the power and flexibility at America Mortgages,” stated Donald Klip, co-founder of America Mortgages.
How to Apply for the Equity Release Loan Program
Foreign National and U.S. Expats can connect with America Mortgages’ Foreign National and U.S. Expat Mortgage Loan Experts at [email protected] to learn more about this equity release loan program, or get in touch with our team here.
About America Mortgages and Global Mortgage Group
Founded in 2019, Global Mortgage Group PTE LTD [GMG], and headquartered in Singapore, is a full-service global mortgage financing firm offering mortgages for investment purposes in The United States, Australia, Canada, United Kingdom, Germany, France, Spain, Singapore, Hong Kong, Philippines, Thailand, Japan to name a few. For more information, visit www.gmg.asia or call +65 8499-3229.
Founded in 2020, America Mortgages, Inc. is a wholly owned subsidiary of Global Mortgage Group PTE LTD [GMG]. America Mortgages headquartered in San Antonio, TX, with sales offices in 12 different countries, is dedicated to providing U.S. mortgage options for non-resident Foreign Nationals and U.S. Expats. 100% of America Mortgages [AM] clients are living and working outside of the U.S. Both GMG and AM focus on building quality, long-term relationships with its partners such as Private Banks, EAM, Family Offices, Realtors and other mortgage brokers located around the world by offering a wide variety of mortgage loan programs focused on specific markets with an exceptional client experience. For more information, visit our website or call +1 (845) 583-0830.
Robert Chadwick
America Mortgages
+65 8430 1541
[email protected]
