FL- Foreign National Loans

[ALANGEORGE]

Hi All,
I'm looking to place several foreign national loans for one client in FL. She is from England, doesn't have a social, and has an abundance of assets. I'm looking to place several loans for her as either NOO or 2nd Home. I would love to find a lender who could do more than one of the loans, but one loan is fine also. She is going to put down 30% down on each property. She could go Full Doc or SIVA and wants an I/O or ARM. Thanks in advance for any help.

[Erik]

Tried Countrywide?

[ALANGEORGE]

I think Countrywide suspended that program last month. Perhaps they have restarted it?

[Erik]

Oh, well there goes that option.

[ALANGEORGE]

Thanks for the suggestion though!

[re_manager]

Wachovia Portfolio is able to do foreign national purchases at 70% LTV as long as funds come from US Bank and the borrower is not employed by a foreign government. We offer the COSI Pick-A-Pay.

The COSI Pick-A-Pay gives your borrower the flexibility to choose from 4 different payments each month. The combination of the 125% payment cap and very stable COSI index (Wachovia Bank CD rates) prevent this from recasting for 10 years typically. This is a very safe loan as compared to the "death trap knock-off" option-arm loans we are used to hearing about in the news.

I can also take out the minimum payment and leave only I/O, 30 and 15 year payment if desired.

Please let me know if this works for your client.

Phil Koch
Mortgage Banking Leader
Wachovia, 4th largest Bank in US
California Central Coast Division
pkoch944@worldsavings.com
Cell: 661-343-3556
Fax: 800-307-7614

"To understand the COSI Pick-A-Pay is to love the COSI Pick-A-Pay"

[scott wood]

I have a vast amount of Private lenders and Hard Money, through out the State of Florida. Have the capabilities to close loans fast. For further information please contact me at scott_angelbaby_7984@yahoo.com.

[nicarod3]

Originally Posted by ALANGEORGE

Hi All,
I'm looking to place several foreign national loans for one client in FL. She is from England, doesn't have a social, and has an abundance of assets. I'm looking to place several loans for her as either NOO or 2nd Home. I would love to find a lender who could do more than one of the loans, but one loan is fine also. She is going to put down 30% down on each property. She could go Full Doc or SIVA and wants an I/O or ARM. Thanks in advance for any help.

I have the solution to your problem for sure; call me @561-827-8692
My name is Rod. SISA 75% LTV All you need is a PassPort,a Pen, and a Pulse.

[nicarod3]

I have the solution to your problem for sure; call me @561-827-8692
My name is Rod. SISA 75% LTV All you need is a PassPort,a Pen, and a Pulse