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Services > Mortgages
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Homes > USA
US property as
Security
If you need finance
to purchase a property
in the USA, then
Justcredit.biz
can help, we can
give you the advantage
of advice from a
team of licensed
credit brokers who
have over 20 years
experience in the
field. You could
secure a repayment
mortgage on your
property in the
USA, in Dollars
(or Sterling in
Florida only), depending
on your circumstances.
Based on the valuation
or purchase price
(whichever is lower)
you can take a loan
for up to 70% (including
fees) of your property’s
value, for the purpose
of purchasing an
American property,
or re-mortgaging
for home improvements.
Mortgages for other
purposes or commercial
loans, will be dealt
with individually.
The minimum loan
is $50,000 and the
repayment period
is available from
5 to 30 years and
could be available
to applicants up
to the age of 80.
Current interest
rates as at 11th
July 2003 are from
approx 5.20% Variable
in Sterling or from
3.99% Fixed for
the first 5 years
in US Dollars.
The following
example is based
on a repayment mortgage
in US dollars, and
to this must be
added the cost of
a mortgage protection
plan.
Repayment
mortgage of
$ 50,000 over
a period of
30 years at
an initial
Fixed interest
rate of 5.00%
and then approx
4.95% Variable
thereafter
= initially
approx $ 271.50
capital &
interest per
month for
the first
5 years and
then approx
$ 270.00 capital
and interest
per month
thereafter
= a total
approx amount
payable over
a term of
$ 99,290 including
capital, interest,
legal, arrangement
and survey
fees.
The income
criteria is
variable
Bank Reference
and Employers
or Accountants
reference
if self-employed
Existing
borrowing
in the UK
and Overseas
will be taken
into account |
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