Our client saw our ads in the local papers and reached out to enquire about a mortgage. We were told that the current political climate in Hong Kong has made many locals look into overseas options.
How We Helped
While we don’t normally advise where to purchase, we noticed that many of our overseas investors looking strictly at rental yield tend to choose Texas.
Texas is a very popular market for overseas real estate investors and local U.S. real estate investors, so our client wanted to get pre-approved before making any offers on the property. We were able to pre-approve the client and issue a letter. Once he identified a property, he supplied the pre-approval letter giving both himself and the seller the confidence he had his mortgage financing worked out in advance.
Getting pre-approved and underwritten for a loan is a great way to start the process for anyone thinking of investing in U.S. real estate.
|Nationality||Property Value||Loan Amount||LTV||Rate|
|Hong Kong Citizen||$375,000||$262,500||70%||4.875%|
|Term||Address||Property Type||Purpose||Loan Type|
|30 year fixed (regardless of the borrower’s age)||Dallas, Texas||Single-Family Home||Purchase||Residential|