| Financial
Services > Mortgages
> Holiday
Homes > 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 |
Lenders: Local
;UK ;International
| Costs & Benefits
| Types
|
RealVacances
Last
Minute & Special Offers