Re: Mortgage overview
Originally Posted by Danoz
(Post 11200532)
A brutal war story indeed! Thanks for the advice.
We would be doing this on visas. I know can happen as we have already been given the realities of what one lender can do, but its not feasible. They want a $50,000 balance kept on deposit as security, plus minimum 20% down. As a result, very interested to see who else in similar situation has had better success. You re right about the banks. They change the goal posts constantly, they are also very "knee jerk" and black and white in their approach. its not really in the majority of the interests to offer mortgages as they dont make huge amounts of money off it, plus all the other overheads that come with it. So they are not compassionate about this. I am interested to see if people have had different experiences with brokers and or credit unions etc.... |
Re: Mortgage overview
Originally Posted by hotscot
(Post 11199810)
How do you think this information can be used?
I think there's too many variables dependent on individual circumstances. |
Re: Mortgage overview
Originally Posted by Sally Redux
(Post 11200631)
Honestly, I don't think it's going to be that useful. It would have to be very recent for a start, and in the same geographical area with the same personal circumstances.
So time probably most useful then geography. Perhaps the question can be reframed to ask for info about mortgages obtained in the last 2 years... |
Re: Mortgage overview
Originally Posted by IlAlfie
(Post 11200666)
I think the key is that it has to be recent. I'm not sure of the utility of info from a mortgage 10 years ago (and pre crash).
So time probably most useful then geography. Perhaps the question can be reframed to ask for info about mortgages obtained in the last 2 years... |
Re: Mortgage overview
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Re: Mortgage overview
We've just got our mortgage through AIG travelguard/Wells fargo. No problem. Been here 6 months and awaiting GC. We did have a large deposit though which eased things I think.
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Re: Mortgage overview
Originally Posted by petitefrancaise
(Post 11203428)
We've just got our mortgage through AIG travelguard/Wells fargo. No problem. Been here 6 months and awaiting GC. We did have a large deposit though which eased things I think.
Two options so far, both 20% down, but one requires 50k security deposit after closing (just in case), the other is just 20% deposit if our UK credit history is good. |
Re: Mortgage overview
we purchased travelguard relocation assistance from AIG for 1 year. $400 very well spent.
We just called them and said we wanted to get a mortgage. The rate is good and they asked for financial details from France where we lived before - all in french and it was fine. They're great. From what I've heard you're going to need at least 20% deposit but we weren't asked for any security deposit. pm me if you want more details |
Re: Mortgage overview
Originally Posted by petitefrancaise
(Post 11203661)
we purchased travelguard relocation assistance from AIG for 1 year. $400 very well spent.
We just called them and said we wanted to get a mortgage. The rate is good and they asked for financial details from France where we lived before - all in french and it was fine. They're great. From what I've heard you're going to need at least 20% deposit but we weren't asked for any security deposit. pm me if you want more details |
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