banks
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Home Loan: Fixed-Rate vs. Adjustable-Rate Mortgages
As you probably already know, interest rates on loans have been recorded low in recent years, this has not happened in the United States for probably 20 years. As for a home loan, there are two rates: fixed; adjustable (floating). Fixed-rate loans A fixed-rate is most often used for loans for 30 or 15 years.…
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Remote Purchase of Real Estate in the USA
If you want to buy real estate in the US you don’t have to fly to America. Today it is possible to buy it remotely. If in the selected state the real estate transaction is drawn up by a lawyer, then you can simply issue a power of attorney for him, and the specialist will…
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Mortgages for Non-US Citizens
US banks are reluctant to contact foreign customers, citing a high level of risk. One of the strong arguments to provide you with a mortgage loan is a letter of trust from the largest world bank, in which you should be positioned as a solvent client. The first thing you need to do to get…
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Types of Mortgages
As you know, one of the main components of the American dream is nothing but its own home. It’s no secret that the United States of America is on the list of the most profitable countries in the field of lending, especially mortgage lending. The low-interest rate on loans, a loyal attitude to borrowers, and…
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Coronavirus Puts Pressure On the Real Estate Market
How coronavirus will affect housing prices is one of the most popular searches on Google. Analysts agree that the epidemic has made prices in the real estate market unstable. At the same time, the owners are in no hurry to sell apartments urgently because of a possible decrease in the solvency of customers. They are…
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What Newbies Should Know About Financing Investment Properties
Mortgage investment in our days is one of the most reasonable and predictable decisions that one can come up with during a crisis. Real estate at all times and in many countries was considered (and is still considered to be) an excellent investment tool, but not many people have finance for investments. It is for…
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What Credit History Do You Need For A Mortgage?
Credit history in the USA. To build a credit history, you must have an American Social Security Number, which is issued once and for life. All visitors on a Green Card, work visa, student and Work & Travel program receive this number. On a tourist visa are not eligible to receive a room. After filing…
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Why You Should Use A Mortgage Broker
The main advantage of mortgage intermediaries is that they save time. When contacting a mortgage specialist, the client will not need to bypass several banks or study their sites in order to find out the requirements, the list of documents, prepare several sets, and then personally carry them to each bank. The mortgage broker, firstly,…
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Real Estate Financing and Investing
What is a mortgage? In the US, real estate loans are called “mortgages”, which literally translates as mortgages. At the same time, mortgage can be either with a fixed interest rate – Fixed-Rate Mortgage (FRM) or floating-rate – Adjustable-Rate Mortgage (ARM). What is the interest rate on real estate loans in the USA? Americans are…
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American mortgages and home loans: A foreigner’s guide
One of the most attractive for work and living countries of the world is the United States of America. Is it possible to settle here for a visitor, get a loan to buy a home, a car and start your own business? Own home or apartment are one of the basic goals of any family.…