United States of America.
At a glance:
|
Mortgage
|
Refinance
|
Equity Release
|
Buy to Let
|
| Maximum Loan to value |
80%
|
80%
|
80%
|
80%*
|
| Maximum Interest only period |
0
|
0
|
0
|
0
|
| Maximum Term |
30 years
|
30 years
|
30 years
|
30 years
|
| Maximum Age on completion |
70
|
70
|
70
|
70
|
| Average interest rates |
3.5%
|
3.5%
|
3.5%
|
3.5%
|
| Average monthly price per thousand |
3.77
|
3.77
|
3.77
|
3.77
|
Process:
Mortgages in the USA are quite competitive. There are no only numerous products but currency options to choose from. The process is quite standardized and transparent. Available for non residents and residents alike, the process normally takes no more than 8 weeks.
Approximate timelines (weekends not included):
| 1. |
Approval in principle |
Instant |
| 2. |
Final licences |
Day 1 |
| 3. |
Property registration details |
Day 1 |
| 4. |
Application (receipt of documents) |
Day 1 |
| 5. |
Power of attorney |
Day 1 |
| 6. |
Confirmation of approval in principle |
Day 3 |
| 7. |
Valuation |
Day 6 |
| 8. |
Formal offer |
Day 10 |
| 9. |
Arrange signing |
Day 15 |
| 10. |
Signing |
Day 20 |
| 11. |
Transfer of deeds |
Day 20 |
| 12. |
Payment to developer |
Day 20 |
| 13. |
Agency of service |
Day 20
|
| 14. |
First mortgage payment |
Day 21 |
If you would like us to arrange this mortgage for you, please let us know by clicking here.
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|
+353 1 442 8290
