The Client
Our client is a Healthcare Executive working for a U.S. biomedical company and living in Sydney.
How We Helped
He wanted to refinance his investment property in Virginia to take advantage of the lower interest rates. His current mortgage was 3.45% on a 30-year fixed.
He came to us informing that he was denied a mortgage from his hometown bank in Virginia – with whom he has an existing mortgage with. The bank informed him that as he moved to Sydney and is now making ‘overseas’ money, they could not offer him a loan-even as a U.S. Citizen.
Our loan officers found a lender to refinance the loan at 2.85%!!!!
Loan Details
| Nationality | Property Value | Loan Amount | LTV | Rate | Term |
| U.S. Citizen | $750,000 | $525,000 | 70% | 2.85% | 30-year fixed |
| State | Property Type | Purpose | Loan Type | Home use |
| Great Falls, Virginia | Single Family Residence | Refinance | Residential | Second Home |
