Quick Comparison<\/strong><\/p>\n\n\n\n Bridging loan<\/strong><\/p>\n\n\n\n Cash-out refinance<\/strong><\/p>\n\n\n\n $17 trillion in home equity!<\/strong><\/p>\n\n\n\n In Q1 2024, CoreLogic reported that U.S. mortgage holders collectively held over $17 trillion in home equity, nearing the previous record set in 2023. With home values rising and equity growing<\/a>, many homeowners now have significant capital appreciation. America Mortgages has loan programs designed for foreign nationals and U.S. expats looking to use their existing equity for short-term needs or long-term investment opportunities.<\/p>\n\n\n\n Two Ways to Access Your Home Equity<\/strong><\/p>\n\n\n\n Foreign nationals and U.S. expats often face unique challenges when leveraging home equity<\/a> in the U.S. America Mortgages’s loan programs are designed to meet these needs, making the process smoother and more accessible. <\/p>\n\n\n\n 1. Conventional Cash-out Refinance Mortgages <\/strong><\/p>\n\n\n\n Cash-out refinance mortgages are a good option if you have consistently made regular mortgage payments in a timely manner since owning the property or if you have no existing mortgage on the property. However, we recognize that securing a mortgage can be challenging for foreign nationals and often U.S. expats because they lack a U.S. credit history. At America Mortgages, we can use international credit reports and other financial documents in lieu of U.S. credit. It’s so straightforward that Foreign nationals<\/a> are eligible to borrow up to 75% of their property’s appraised value, while U.S. expats<\/a> can borrow up to 80%.<\/p>\n\n\n\n Key Loan Features and Requirements<\/strong><\/strong><\/p>\n\n\n\n 2. Asset-backed real estate bridge loans<\/strong><\/strong><\/p>\n\n\n\n Asset-backed bridge loans are designed for U.S. expats and foreign nationals who need flexibility and quick access to funds. These loans are perfect for short-term financial needs<\/a> or investment opportunities and normally do not require the borrower to provide financials. <\/p>\n\n\n\n Key Loan Features and Requirements<\/strong><\/strong><\/p>\n\n\n\n Global Bridging Loans<\/strong><\/p>\n\n\n\n For investors looking to release equity from their property globally, our parent company, Global Mortgage Group<\/a>, offers bridge financing in Canada, U.K., Europe, Australia, Dubai, Singapore, Hong Kong, Philippines, and Thailand. <\/p>\n\n\n\n Bridging loans<\/a> are short-term loans, usually 1-2 years, used to bridge a funding gap where banks cannot meet borrower requirements such as speed of funding, loan-to-value, and certainty. These loans are asset-backed, relying on the collateral value of the property rather than the borrower’s personal financials. They typically feature “interest-only” or “interest-servicing only” payments with a bullet repayment at the end of the term. Bridging loans have become popular as retail banks globally reduce their lending on property, with private credit filling the gap.<\/p>\n\n\n\n Basic Details:<\/strong><\/strong><\/p>\n\n\n\n America Mortgages<\/a> and Global Mortgage Group aims to simplify the process for foreign nationals and U.S. expats, providing the financial flexibility they need. Our tailored loan programs are designed to suit your unique situations, helping you make the most of your property’s equity.<\/p>\n\n\n\n With our fast approval process, flexible terms, and international reach, we\u2019re here to support your financial needs. Schedule a meeting with one of our loan officers using our 24\/7 calendar link<\/a> and let\u2019s turn your home equity into cash for whatever you need. Get started now!<\/p>\n\n\n\n![\"Average](\"https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/download-15-1024x582.png\")