Global Mortgage Group, a leading digital global mortgage brokerage in Asia, has closed a $500,000 Angel Round of investment from SparkLabs and Mirae Asset Venture Investment in Seoul, South Korea.

GMG in eights months since its start has closed over US$50 million in loans with minimal marketing and now has over 20 direct lending relationships in the U.S. and 25 in UK, Europe, Japan, Australia and Thailand, and expanding every week.

Robert Chadwick Partner and Co-Founder of Global Mortgage Group and Norbert Witthinrich from Coldwell Banker Sea Property discuss the advantages and how to handle the disadvantages of long-distance real estate investing.

A summary of documents required for the various loan products offered by GMG.

Although no one can predict the future, the US housing market is far from becoming a bubble. The US housing market is on solid ground, well supported by consistent growth, strong demand and a business-friendly regulatory environment.

A documentation loan is any loan that requires full information substantiating a borrower’s claims of income and assets in order to gain financing. The vast majority of loans are documentation loans.