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-   -   Equity loan (https://www.talkofthevillages.com/forums/investment-talk-158/equity-loan-68665/)

jimbo2012 01-25-2013 09:17 AM
Equity loan
 
A friend of mine who is not a US citizen wishes to tap about 1/3 of her equity in a new home purchased all cash.

Banks here said if you're not a US citizen, can't be done.

What other avenues might she try, at 1/3 looks like a secure position for any lender.

rayschic 01-25-2013 09:45 AM
google private money lenders...there are plenty.

Here's one that may be able to help.

Eagle Prime Lending | Mortgage Producs and Services | Mortgage Home Purchase

villagerjack 01-25-2013 10:00 AM
Be careful of equity lenders.

jimbo2012 01-25-2013 12:46 PM
I know I don't want to send her to a bunch of sharks

jnieman 01-25-2013 01:27 PM
You might try quicken loans. If they can't do it maybe they can direct you to someone that will.

Mallory Voice 09-06-2013 12:10 PM
Quote:
Originally Posted by jimbo2012 (Post 614881)
A friend of mine who is not a US citizen wishes to tap about 1/3 of her equity in a new home purchased all cash.

Banks here said if you're not a US citizen, can't be done.

What other avenues might she try, at 1/3 looks like a secure position for any lender.
Why not convert xx funds into USD and make the purchase??
Any overseas bank can do such a conversion.
MV
:thumbup:


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