The Client
A U.S. Expat living in Hong Kong working in the IT field. He wanted to refinance his 4-bedroom Tempe, Arizona home, which used to be the family’s residence and is now used as a short-term rental so the family can use it over the summer school holidays.
How We Helped
The client was working for a global company. He was currently on his U.S. tax filings, but his income was foreign-earned, no “normal” payslip, no U.S. bank account, and no W2.
Once we had all the required documentation settled, we packaged the loan and shopped for the best rate and terms. Our mortgage specialists helped the client structure several letters of explanation regarding how his income was calculated and the use of the rental property (Airbnb).
A formal mortgage offer was received within ten working days and closed shortly after that. The client was able to lower his current interest rate by a full percent on a 30-year fixed savings of thousands of dollars in long-term financing costs.
Loan Details
| Nationality | Property Value | Loan Amount | LTV | Rate |
| U.S. Citizen | $560,000 | $448,000 | 80% | 2.375% |
| Term | Address | Property Type | Purpose | Loan Type |
| 15 year fixed | Tempe, Arizona | Single-Family Home | Refinance | Residential |
| Nationality | U.S. Citizen |
| Property Value | $560,000 |
| Loan Amount | $448,000 |
| LTV | 80% |
| Rate | 2.375% |
| Term | 15 year fixed |
| Address | Tempe, Arizona |
| Property Type | Single-Family Home |
| Purpose | Refinance |
| Loan Type | Residential |
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