Author: Premela R.

No matter your age, becoming a real estate investor is frequently regarded as one of the universal signs of financial success. Although technically, in the U.S., even though there is no upper age limit for mortgage approval, there may be some age-related home-buying considerations you should be aware of.

What’s the maximum age to qualify for a mortgage?

Some people may wonder if there are age restrictions because a mortgage is a legally binding agreement that enables you to spread out the cost of a home. According to the Centers for Disease Control and Prevention, the average life expectancy in the United States is 78.16, so could a lender forbid you from obtaining a 30-year mortgage, for instance, if you’re 75?

What makes the U.S. a unique mortgage market? It is illegal for a mortgage lender to discriminate against you based on age, which is good news for real estate investors regardless of age. A lender cannot refuse you credit based on your age or any other factors, including your race, color, religion, national origin, sex, or marital status, according to the Equal Credit Opportunity Act (ECOA), which was created as a result of the Civil Rights Act of 1964. Even more, safeguards are provided by the Fair Housing Act of 1968, which makes it illegal to discriminate in any residential real estate transaction. This law covers both U.S. citizens and foreign national real estate investors.

What is the takeaway; regardless if you are 19 or 99, you can still take advantage of a 30-year fixed mortgage. This gives the savvy investor absolute assurance of what their monthly mortgage payment is and likely the opportunity for higher yields. 

What’s the minimum age to qualify for a mortgage?

If you’re closer to high school graduation age than retirement, can age be a deterrent when it comes to getting a mortgage? Lenders can’t deny a mortgage application solely because of age, but states have laws determining the age at which a contract can be negotiated. However, in most U.S. states, at 18 years of age, you are able to sign a binding contract, such as a mortgage. What this means for non-resident U.S. investors is once you’re 18, and assuming you can qualify for a mortgage based on the lenders’ guidelines and requirements, the U.S. could be your first opportunity to become a real estate investor.

Keep in mind, as a non-resident U.S. real estate investor, the minimum down payment is usually 25-30%. America Mortgages has mortgage loan programs for Foreign National Investors at 30% down payment and U.S. Expats at only 25% down payment. 

What are the advantages of a 30-year fixed U.S. mortgage, regardless of your age?

• Mortgage interest deducibility: One of the best tax benefits of U.S. real estate investing is that your mortgage interest is considered a business expense and, therefore, deductible when your property is being used as an investment/rental. 

• Predictability: With a 30-year mortgage, you have the comfort and safety of knowing what your mortgage payment will be over the next 30 years. As rental prices increase over time, so will your yield. 

• No limitations on refinancing: Although some investment mortgages may have short lock-in periods; in general, as long as the property qualifies, there are no restrictions on refinancing to a lower rate if interest rates decrease.

Why America Mortgages

At America Mortgages, we understand that the mortgage process can be confusing and overwhelming. That’s why we’re here to help. Our team of experienced mortgage professionals can guide you through the entire process, from pre-approval to closing. We work with a panel of vetted lenders that know foreign national and U.S. expat lending. This allows our team to find the best mortgage solutions for our clients, regardless of their age or financial status.

We can also help you understand the different types of mortgages available, such as fixed-rate and adjustable-rate mortgages, and help you choose the best one for your needs. We make the mortgage process as easy and stress-free as possible, so you can focus on finding your dream home.

In conclusion, there is no age limit for getting a mortgage in the U.S. At America Mortgages; we’re here to help you navigate the process and find the best mortgage options for your needs. Whether you’re a foreign national, U.S. expat, self-employed entrepreneur, or a salaried investor, we can help you achieve your homeownership goals. Contact us today to learn more at [email protected].

www.americamortgages.com

Texas has become one of the hottest real estate markets to invest in globally due to a number of factors that have contributed to its rapid growth and success. Here’s a closer look at why Texas is the hottest real estate market to invest in globally.

Firstly, Texas has a booming economy, which is one of the strongest in the United States. The state’s economy is diverse and well-balanced, with a range of industries, including technology, energy, healthcare, and finance. This diversity has provided a stable and resilient economy, which is attractive to investors looking for stable returns on their investments.

Secondly, Texas has a low tax environment, which has made it a very attractive location for businesses and individuals looking to invest. The state has no income tax, which means that people can keep more of their money, and this has contributed to its high standard of living. In addition, Texas has a relatively low cost of living compared to other major cities in the United States, which makes it an attractive location for people to move to and invest in.

Thirdly, Texas has a growing population, which has contributed to the state’s success. Over 1,000 people move to Texas every day, and this growth is due to factors such as job opportunities, affordable cost of living, and a business-friendly environment. This population growth provides a vast customer base for investors, ensuring that there is a constant demand for goods and services.

Fourthly, the real estate market in Texas is thriving, with prices increasing steadily over the years. The state’s major cities, including Austin, Houston, and Dallas, have seen significant growth in the real estate market, making it an attractive location for investors looking to purchase property. This trend is expected to continue, making Texas an excellent investment opportunity for anyone looking to make a profit.

Finally, Texas has a well-established infrastructure, which supports business growth and development. The state has major airports, highways, and ports that are essential for businesses to operate efficiently. This infrastructure has attracted a range of industries to Texas, contributing to the state’s economic success.

In conclusion, Texas is the hottest real estate market to invest in globally due to a combination of factors, including a booming economy, low tax environment, growing population, thriving real estate market, and well-established infrastructure. These factors have created a business-friendly environment that has attracted investors from around the world, and Texas is now one of the fastest-growing states in the United States. Investing in Texas real estate is a wise decision for anyone looking to see a profitable return on their investment.

At America Mortgages, we are committed to helping investors take advantage of the thriving real estate market in Texas. With our expertise and connections in the U.S. real estate market, we can provide tailored mortgage solutions for non-resident investors and expats who are interested in investing in Texas real estate. Our loan officers are dedicated to guiding you through the entire process, from application to closing, to ensure a smooth and successful investment journey. Contact us today at [email protected]  to learn more about how we can help you invest in the hottest real estate market globally.

Join us from March 14-19 to view our selection of single-family homes for sale near Dallas, Texas. With prices starting at $390,000, these homes are an excellent investment for those looking to begin their portfolio.They are even more attractive when you take advantage of our 75% financing and property management services. Click here to sign up or learn more.

Speak with a U.S. mortgage expert now by scheduling a call at www.calendly.com/u-s-mortgages. Start your journey today!

For more details, visit us at www.americamortgages.com or email us at [email protected].

Looking for international mortgage loans globally, including the U.K., Australia, Canada, France, Portugal, Spain, Italy, Singapore, Hong Kong, Japan, Thailand, Philippines, Dubai, and other locations? Visit our parent company Global Mortgage Group (GMG), at www.gmg.asia.

Investing in real estate in Texas is becoming an increasingly popular option for those looking to maximize their investment potential. The Lone Star State’s booming real estate market has attracted investors from around the world, and for good reason. Here’s a closer look at why Texas is such an attractive destination for real estate investment.

One of the main reasons why Texas is so attractive for real estate investment is its growing population. Texas is one of the fastest-growing states in the country, with an estimate of over 1,000 people moving to the state every day. This growth is due to a combination of factors, including job opportunities, affordable cost of living, and a business-friendly environment. As the population continues to grow, demand for housing and commercial real estate will also increase, making real estate investment a profitable option.

Another reason why Texas is a great destination for real estate investment is its strong and diverse economy. Texas is home to a range of industries, including energy, technology, healthcare, and finance, which provide a stable and resilient economy. This economic stability translates to a stable real estate market, making it an attractive option for investors.

Furthermore, Texas has a reputation for being business-friendly, with low taxes and favorable policies that attract investors from around the world. The state’s government has streamlined regulations, making it easier for businesses to operate and grow. Additionally, Texas has a strong infrastructure, including major airports, highways, and ports, which support business growth and development.

The real estate market in Texas is also attractive due to the low cost of living compared to other major cities in the United States. This low cost of living means that real estate prices are more affordable, making it easier for investors to purchase property and see a profitable return on their investment.

Lastly, the real estate market in Texas is characterized by steady and consistent growth. Property values in major cities like Austin, Houston, and Dallas have been increasing steadily over the years, and this trend is expected to continue. Real estate investment in these cities can lead to an increase in property value and rental income, making it an attractive option for investors.

In conclusion, the booming real estate market in Texas makes it an attractive destination for investors looking to maximize their investment potential. With a growing population, strong and diverse economy, business-friendly environment, low cost of living, and steady growth, investing in Texas real estate is a wise decision for anyone looking to see a profitable return on their investment.

America Mortgages provides expertise in finding the best financing options and valuable insights into the local market to help investors make informed decisions and maximise their returns. Contact us at [email protected] to find out more.

From March 14-19, we will be showcasing single-family homes near Dallas, Texas, for sale. Starting at $390,000, these are great starter homes for those looking to build their investment portfolio. They are even more attractive when you take advantage of our 75% financing and property management services. Click here to sign up or learn more.

Speak with a U.S. mortgage expert now by scheduling a call at www.calendly.com/u-s-mortgages. Start your journey today!

For more details, visit us at www.americamortgages.com or email us at [email protected].

Looking for international mortgage loans globally, including the U.K., Australia, Canada, France, Portugal, Spain, Italy, Singapore, Hong Kong, Japan, Thailand, Philippines, Dubai, and other locations? Visit our parent company Global Mortgage Group (GMG), at www.gmg.asia.

Real estate investors, non-residents, and U.S. expats alike are always looking for the next hot spot to invest their money in, and it seems that Fort Worth and Dallas are emerging as the top contenders. These cities offer a unique combination of affordable living, business-friendly policies, and a thriving economy that make them the perfect places to invest in real estate.

One of the key factors that make Fort Worth and Dallas the next hot spots for real estate investment is affordability. The cost of living in these cities is relatively low compared to other metropolitan areas in the United States. The housing market in these areas is also affordable, making it an excellent opportunity for first-time investors or those looking to diversify their portfolio.

Another factor that makes Fort Worth and Dallas attractive to real estate investors is the business-friendly environment. These cities are known for their favourable tax policies and regulations that promote business growth. This environment has attracted many large corporations, including Amazon and Toyota, which have relocated their headquarters to these cities in recent years. This business-friendly climate has also created a wealth of job opportunities, which has led to an influx of people moving to the area, further driving the demand for real estate.

In addition to the affordability and business-friendly environment, Fort Worth and Dallas have a thriving economies. These cities are home to diverse industries, including technology, healthcare, energy, and finance. This diversity has created a stable and resilient economy conducive to business growth. With a strong economy, investors can be sure that their real estate investments will yield a profitable return.

Another reason why Fort Worth and Dallas are the next hot spots for real estate investment is the cultural and recreational opportunities they offer. These cities have a vibrant arts scene, with numerous museums, theaters, and galleries. They are also home to major league sports teams, including the Dallas Cowboys, Dallas Mavericks, and Texas Rangers, which attract sports enthusiasts from around the country. These cultural and recreational opportunities make these cities desirable places to live, further driving the demand for real estate.

Lastly, Fort Worth and Dallas have a thriving real estate market. Property prices in these cities have been increasing steadily over the years, and this trend is expected to continue. This trend allows investors to purchase property in areas with high potential for growth, leading to an increase in property value and rental income.

In conclusion, Fort Worth and Dallas are the next hot spots for real estate investment. These cities offer a unique combination of affordability, business-friendly policies, a thriving economy, and cultural and recreational opportunities that make them desirable places to live. With a thriving real estate market, investors can be sure that their investments will yield a profitable return. If you’re looking to invest in real estate, consider Fort Worth and Dallas as your next investment destination.

At America Mortgages, our mortgage solutions are specifically designed for non-resident investors and expats who are interested in investing in U.S. real estate. We understand the unique needs of international investors and can assist you in navigating the often-complex process of obtaining a mortgage in the U.S., from filling out the application to signing the final paperwork. With our extensive expertise and connections in the U.S. real estate market, we are confident that no other company can compare to our level of service.

From March 14-19, we will be showcasing single-family homes near Dallas, Texas, for sale. Starting at $390,000, these are great starter homes for those looking to build their investment portfolio. They are even more attractive when you take advantage of our 75% financing and property management services. Click here to sign up or learn more.

Contact us at [email protected] to find out more.

Speak with a U.S. mortgage expert now by scheduling a call at www.calendly.com/u-s-mortgages. Start your journey today!

For more details, visit us at www.americamortgages.com or email us at [email protected].

Looking for international mortgage loans globally, including the U.K., Australia, Canada, France, Portugal, Spain, Italy, Singapore, Hong Kong, Japan, Thailand, Philippines, Dubai, and other locations? Visit our parent company Global Mortgage Group (GMG), at www.gmg.asia.

In this report, we want to highlight why Texas is an attractive state to own an investment property in. 

Many know Texas as the home to many famous sports teams and a popular 80s soap opera.

However, it’s also the state that has been the most gentrified over the past few years and will continue to, in our opinion. Texas has an underappreciated diverse, and robust economy, with numerous industries, including oil and gas, technology, healthcare, and manufacturing. This has resulted in job growth and a steady influx of new residents, which drives housing demand.

Let’s start with our 5 reasons to own investment property in Texas

1. Strong Economic Growth: 

Over the past decade, Texas has also consistently ranked among the fastest-growing states in the U.S., driven by a number of factors, including a business-friendly environment, a growing population, and a diversified economy – all positive factors contributing to a strong real estate market. 

Texas has outperformed the national average in terms of GDP growth.  

Insight: The Bureau of Economic Analysis, as of 3Q2022:

Real GDP growth rate for Texas was 8.7% vs. the national average of 3.2%. 

Personal Income growth +6.9% vs. national average +5.3%! 

People in Texas are seeing their wages grow more, and their companies are growing faster than the rest of the nation by a long shot!

2. Affordability:

Compared to other major U.S. cities, Texas cities like Houston, Dallas, and Austin are generally more affordable in terms of housing costs, which can make them attractive to investors looking to get more for their money.

Texas has a lower cost of living than the national average, which can make it an attractive destination for people looking for a more affordable place to live. 

Insight: According to data from the Council for Community and Economic Research, as of March 2023, the cost of living in Texas was approximately 8% lower than the national average.

Mostly from housing, 15% lower, Food, 9% lower, Transportation, 7% and Healthcare, 4% lower than the national average. 

Housing costs, in particular, tend to be more affordable in Texas compared to many other parts of the country, which can be an important consideration for people looking to buy a home or rent an apartment.

3. Business-Friendly Environment: 

Texas is known for its business-friendly environment, with low taxes, a favourable regulatory climate, and a pro-growth mindset which now leads the nation in the number of Fortune 500 companies that have made the state their headquarters.

In just 2021 alone, 62 companies relocated their HQs to Texas from 17 other states and 3 countries, with Tesla being the most notable.

This steady stream of businesses and corporations relocating to the state brings with them jobs and new residents.

There is no individual income tax in Texas and no corporate income tax. State sales tax of 6.25% is also lower than the national average of 8.20%.

4. Landlord-Friendly State:

Texas is known for its strong protection of property rights, which can be attractive to landlords. 

Quick eviction: Landlords have a legal right to evict tenants who fail to pay rent or violate the lease terms with a quick eviction process compared to other states, which can be helpful to landlords who need to regain possession of their property quickly.

Limited tenant protections: Compared to other states, Texas has relatively few laws protecting tenants’ rights. For example, there is no limit on security deposits, and tenants have limited legal recourse if their landlord fails to make necessary repairs.

Freedom to set rent: Landlords in Texas have the freedom to set their own rent prices without being subject to rent control or other restrictions.

5. Strong Rental Market: 

Texas cities have strong rental markets, with demand driven by a combination of population growth, job growth, and a relatively high number of renters compared to homeowners. 

This can make investing in rental properties in Texas a lucrative option.

Insight: According to data from Zillow as of February 2023, the median rent in Texas increased by 5.8% over the past year and will continue to increase to 8.4% as of May 2023, according to the Dallas Fed report. 

I hope this report helps shed some light on why Texas has been and will continue to be one of the most popular states to own an investment property in.  

As we mentioned at the beginning of this report, we are bringing brand-new single-family homes in Dallas, Texas, through Asia from March 14-19. If you want to learn more, please click this link and register.

www.americamortgages.com