You always answered my (numerous)
questions promptly and informatively. I
never felt like I was being "talked down" to.
Thank you so much!
No Bull is more than just a provider. They're a
professional focused on the interests of their
clients.
We were taken from a very stressful situation,
to being completely comfortable. We were so
happy to have had this done. As well, we were
treated respectfully and promptly, no matter
how "small" our questions were.
NO PRIMARY RESIDENCES
NO NEGATIVE AMORTIZATION,
NO TEASER RATES,
NO BALLOON PAYMENTS, NO RECASTS,
SIMPLE, STRAIGHT INTEREST ONLY FOR THE ENTIRE LIFE OF THE LOAN!
DECLINING MARKETS NOT A PROBLEM in APPROVED STATES!
ALSO Available For Properties in
Great Britain,
Spain,
Portugal,
France,
New Zealand,
Singapore,
Hong Kong,
Dubai,
and selected locations in
Australia, &
Canada (not offered directly to Canadian individuals.)
Rates calculated quarterly, at 2.457% APR above costs of funds (3 month LIBOR.)
65% Maximum Loan-To-Value if currency is fixed in US Dollars.
60% Maximum Loan-To-Value if the quarterly currency tradability feature is desired. (Currency shifting carries the potential of great risks and rewards, and is not for the risk-averse. Currency relationships can and do make very fast and sudden moves, and can reduce or even greatly increase your debt if the currency moves counter to your expectations. Past market performance is no indication of future results.)
2.39% rate margin added to the 3-Month LIBOR rate of your preferred national currency (Japanese Yen, Singapore dollar and Swiss franc mortgages are only available to clients whose main income is in this currency.);
ALL CURRENCIES AVAILABLE CURRENTLY:
British Sterling
Canadian dollars
Japanese Yen
Euro
Australian dollars
(for JPY earners only)
US dollar
New Zealand dollars
Singapore dollars
Hong Kong dollars
Swiss franc
(for SGD earners only or loans against property in Singapore)
(for CHF earners only)
CREDIT REQUIREMENTS;
U.S. Credit Bureau Scores are IGNORED!
Verification of no mortgage or consumer credit late payments through the last 12 months.
NUMBER OF PROPERTIES ALLOWED;
Minimum acceptable property value $400,000
Unlimited 1-4 unit residential properties (in complete, occupiable condition) in approved jurisdictions.
No 5+, commercial, manufactured or construction allowed.
HOLDING OF TITLE;
May be vested personally, in trust, corporation, or LLC.
MUST have at least one qualified individual with personal guarantee.
All FOREX investor financing is full recourse.
EMPLOYMENT REQUIREMENTS;
Wage-Earner, Self-Employed, or Retired is acceptable, with verification.
INCOME REQUIREMENTS;
50% Debt-To-Income ratios
Gross income must be 20% or more than loan size (loans up to 5 times income,)
(Must document gross income at least double total minimum credit and housing costs.*)
Self-Employed income can be verified by CPA-certified books,
Substantial liquid assets credit a 4% annual yield toward verified income for DTI calculations,
Rental contracts credit 70% of their gross toward DTI calculations.
PREPAYMENT PENALTIES:
None
CLOSING COSTS;
Standard and customary mortgage service party fees ($1,500 - $2,000)
Loan Origination Fee (Two percent of approved balance.)
CLOSING COST DUE TIMES;
Appraisal payable directly to the bank-approved appraiser at time of inspection (order cancelled if unpaid in advance,)
Offer Acceptance Deposit of 1/2 of Origination Fee (1%) at time of Acceptance of Loan Offer (underwriting and funding will not proceed without written acceptance of loan amounts and terms proposed.)
APPLICATION-TO-CLOSING TURN-TIMES;
1-3 Weeks for Credit Pre-Approval (if required for a purchase,)
2-5 weeks for Funding (if after Pre-Approval, or on a Refinance.)
SUPPORTING DOCUMENTATION AND VERIFICATIONS;
All supporting documents must be either be Actual Originals,
OR Certified as "True Copy of Original" by a Notary or Attorney.
(Examples; bank account statements, credit bills, CPA affirmation, etc. = Actual Originals, Passport copy = Certified Copy by Notary or Attorney)
The Tradeable FOREX Investor Mortgages terms, conditions and fees outlined above are not all inclusive and are for example only. They may be changed, amended or deleted without any prior notice. The Tradeable FOREX Investor Mortgage is NOT OFFERED in all jurisdictions, and is withheld from offer in all jurisdictions where it is prohibited by law. Please note that depending on the resident status and the tax regime of the borrower’s country of residence, withholding tax may affect the interest cost to the borrower and the bank’s capacity to lend.
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