U.S. Expat Takes Advantage Of Lower Rates To Increase Rental Yield On Summer Home.

High Net Worth Mortgage Broker

The Client

A U.S. Expat living in Hong Kong working in the IT field.

The Property

A 4 bedroom Tempe, Arizona home which use to be the family’s residence and now used as a short term rental so the family can use over the summer school holidays.

The Deal

To secure a lower rate and term mortgage to increase their rental yield.

The Challenge

Client was working for a global company. He was current on his US tax filings but his income was foreign earned, no “normal” payslip, no U.S. bank account and no W2.

The Solution

Once we had all the required documentation settled, we packaged the loan and shopped for the best rate and terms. GMG helped the client structure several letters of explanation regarding how his income was calculated and the use of the rental property (AirBnB).

A formal mortgage offer was received within ten working days and closed shortly thereafter. Client was able to lower his current interest rate by a full percent, on a 30 year fixed savings thousands in long term financing costs.

Loan Details

Loan TypeProperty ValueLoan AmountLTVGMG Program
Refinance Cash-Out $510,000 $341,700 67%GMGUS Expat-1
Loan TypeRefinance Cash-Out
Property Value$510,000
Loan Amount$341,700
LTV67%
GMG ProgramGMGUS Expat-1
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Singapore Business Owner Uses A GMG Bridge Loan To Maintain Liquidity While Awaiting A Contract To Be Completed.

GMG Bridge Loan

The Client

Singapore PR with a maritime business uses GMG Bridge Loan to purchase equipment to service whilst awaiting an international government contract.

The Property

Luxury penthouse condo in District 9 with a current SG bank loan.

The Deal

To secure S$4,000,000 to purchase new equipment required for a large and lucrative contract.

The Challenge

Client had decreasing cash flow and liquidity needed to obtain a standard Singapore bank loan nor could he wait for the lengthy underwriting period required. He needed immediate funds to take advantage of a business opportunity which would expand his business. Current loan was with a local Singapore bank and required a three month redemption notice.

The Solution

GMG reached out to our family office network to secure a first position loan. Assisted the client to liaise with the bank holding his mortgage to get an immediate release. Closed the transaction with 6 working days giving the client the required funds needed to purchase the equipment and secure the contract.

Loan Details

Loan Type Property Value Loan Amount LTV GMG Program
Bridge Cash-Out $7,000,000 $4,000,000 57% GMGSG Bridge
Loan Type Bridge Cash-Out
Property Value $7,000,000
Loan Amount $4,000,000
LTV 57%
GMG Program GMGSG Bridge
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U.S. Expat international school teacher living in China for many years with no current US credit score buys first US investment property.

High Net Worth Mortgage Broker

The Client

U.S. Expat international school teacher living and working in Shanghai for the past 15 years with no U.S. credit score.

The Property

A condo in Orlando, Florida within a 30 minute drive to several local attractions and amusement parks.

The Deal

To secure the property, the client needed to borrow $210,000. Client wanted a low rate, 30 year fixed, 20% down mortgage. The seller was about to cancel the transaction because the borrower’s original financing fell through.

The Challenge

Client came to GMG after failing to secure a mortgage with a local Florida broker. The seller was threating to cancel the transaction and keep the client’s deposit as the mortgage loan fell through in the final stages of the transaction. The client had filed all their U.S. tax returns but had been living in Asia for many years without having a U.S. credit accounts. No FICO score.

The Solution

Client would need to manage their expectations as they no longer had U.S. credit which is paramount in conventional U.S. mortgage lending. GMG loan specialist explained the options and a long term strategy of re-establishing their U.S. credit and refinancing into a conforming loan within 24 months. We spoke with the buyers and seller’s agents and explained the situation and GMG’s three step plan to obtaining the loan. An extension was granted, a mortgage loan only slightly above “prime” rate was secured. Seller, client and agents - Happy. Client is now on their way to re-establishing their U.S. credit and building their real estate portfolio.

Loan Details

Loan TypeProperty ValueLoan AmountLTVGMG Program
Purchase $300,000 $210,000 70% GMGUS Expat-2
Loan TypePurchase
Property Value$300,000
Loan Amount$210,000
LTV70%
GMG ProgramGMGUS Expat-2
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U.S. Mortgages for Overseas Investors | GMG | SparkLabs Demo day.

Global Mortgage Group

U.S. Mortgages for Overseas Investors | GMG | SparkLabs Demo day.

Global Mortgage Group is the only U.S. Mortgage Broker based in Asia, with direct access to hundreds of lenders.
SparkLabs hosts the largest Demo-Day event globally and GMG was chosen as 1 of 9 companies to present to over 3,000 attendees at their Batch 14 event in December 2019.

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U.S. Expat first time real estate investor increases her income with new home purchase post-divorce.

High Net Worth Mortgage Broker

The Client

CA recently divorce US Expat living in Shanghai looking to purchase a high yielding rental property in Chicago.

The Property

A 3 bedroom single family house within a sought after cul-de-sac neighbourhood outside of the city of Chicago. The property was a “pocket” listing through a realtor she had used in the past.

The Deal

A 3 bedroom single family house within a sought after cul-de-sac neighbourhood outside of the city of Chicago. The property was a “pocket” listing through a realtor she had used in the past. To secure the property, the client needed to borrow $480,000. Client wanted a low rate, 30 year fixed, 20% down mortgage.

The Challenge

Although the client earned excellent income, her US tax returns were combined with her ex-husband for the past couple years. Her income was foreign earned, no “normal” payslip, no US bank account (only China) and no W2. The property listing was a pocket listing (not published yet) and the client needed to act quickly.

The Solution

Once we had all the required documentation settled, backed out the husband’s income, officially translated all the income documentation to English, helped the client structure several letters of explanation we sent the application over to the lender. A formal mortgage offer was received within five working days and closed within 34 days. Client is now receiving an extra $800 a month in rental income.

Loan Details

Loan TypeProperty ValueLoan AmountLTVGMG Program
Purchase $600,000 $480,000 80% GMGUS Expat-1
Loan TypePurchase
Property Value$600,000
Loan Amount$480,000
LTV80%
GMG ProgramGMGUS Expat-1
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U.S. Mortgage Market Trends.

Global Mortgage Group

U S Mortgage Market Trends.

In this Video we discuss how mortgage rates are determined, the Current State of the mortgage market and how we sees the markets evolving. We will aslo discuss how US Citizens and Foreign Nationals living overseas can use a Cash out refinance to improve their liquidity.

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Global Mortgage Group Closes $500,000 Angel Round to Disrupt the Global Non-Resident Mortgage Space-1029085174

Mortgage Broker Singapore

Global Mortgage Group Closes $500,000 Angel Round to Disrupt the Global Non-Resident Mortgage Space

Mortgage Broker Singapore

Global Mortgage Group Closes $500,000 Angel Round

Mortgage Broker Singapore