{"id":6375,"date":"2021-11-19T10:57:54","date_gmt":"2021-11-19T10:57:54","guid":{"rendered":"https:\/\/www.americamortgages.com\/?p=6375"},"modified":"2024-09-09T06:53:01","modified_gmt":"2024-09-09T06:53:01","slug":"taking-the-pain-out-of-high-net-worth-mortgages-for-u-s-real-estate-without-aum-requirements","status":"publish","type":"post","link":"https:\/\/www.americamortgages.com\/taking-the-pain-out-of-high-net-worth-mortgages-for-u-s-real-estate-without-aum-requirements\/","title":{"rendered":"Taking the \u201cPain\u201d out of High Net Worth mortgages for U.S. Real Estate, without AUM requirements."},"content":{"rendered":"\n

With inexpensive funding and various tax advantages, everyone should take advantage of the benefits of a mortgage when investing in U.S. real estate<\/a> regardless of the loan size. However, why do the wealthy often find it increasingly difficult to obtain mortgage financing without AUM?<\/p>\n\n\n\n

With a portfolio of assets worth millions of dollars, one may assume that securing credit would be a straightforward task for a high net worth (HNW) individual. Unfortunately, the reality can be quite different especially if you\u2019re a foreign national or U.S. Expat.<\/p>\n\n\n\n

The unique nature of a HNW\u2019s wealth \u2013 their income, investments, and liquidity \u2013 puts this group of people at a surprisingly high risk of being turned away by conventional banks unless they are willing to deposit a significant amount of funds for the bank to manage. This is certainly true in the mortgage market, and what\u2019s more, it is an issue that has become more prevalent post-Covid.<\/p>\n\n\n\n

American Mortgages has a dedicated HNW Team that focuses on mortgage solutions for foreign nationals and U.S. expatriate clients.<\/p>\n\n\n\n

\u201cAs a company, our focus is finding solutions that go beyond what Private Banks can offer was the cornerstone of why this has been so successful. Our goal is to be a viable solutions provider and a trusted partner for the private banks and their clients. None of our loans require AUM, hence there are no funds taken away from their current investments or portfolio.\u201d<\/em><\/p>

\u2013 Robert Chadwick, co-founder of Global Mortgage Group and America Mortgages.<\/em><\/p><\/blockquote>\n\n\n\n

America Mortgages HNW mortgage loans have a multitude of options when it comes to qualifying for a large mortgage loans regardless of the passport you hold.<\/p>\n\n\n\n

1. Asset Depletion\u00a0<\/strong>\u2013 a surprisingly simple way to establish your income. AM Liquid Portfolio<\/a> uses a unique view on \u201casset depletion\u201d to qualify HNW clients using their investment portfolio without an encumbrance or pledge of assets. Essentially, all of your assets are entered into a calculation, and a final number is churned out. The final number is then used as the income to qualify. In most cases, as long as the income is sufficient, no other person\u2019s income documentation is required. This makes an often complicated and tedious process simple, transparent, and painless.<\/p>\n\n\n\n

2. Debt Service Coverage<\/strong> \u2013 When it comes to HNW borrowers, one of the most overlooked and misunderstood loan programs is debt service coverage. HNW borrowers tend to own multiple properties in various asset classes. If the property is used as a rental, then there may not be any requirement to go through the tedious process of providing and verifying personal income. Again, as HNW borrowers tend to have very complicated tax returns, this is a straightforward way to show the borrower\u2019s debt serviceability.<\/p>\n\n\n\n

Debt service coverage ratio<\/a>\u2013 or DSCR \u2013 is a metric that measures the borrower\u2019s ability to service or repay the annual debt service compared to the amount of net operating income (NOI) the property generates. DSCR indicates whether a property is generating enough income to pay the mortgage. For real estate investors, lenders use the debt service coverage ratio as a measurement to determine the maximum loan amount.<\/p>\n\n\n\n

3. Bridge\/Asset Based Lending<\/strong> \u2013 With Covid still in play, it\u2019s not uncommon for investors to experience a temporary liquidity event. Rather than selling their property, they are using their real estate to release equity. Asset-based lending is an option for both residential (non-owner-occupied) and commercial properties.<\/p>\n\n\n\n

Simply stated, HNW bridge loans<\/a> are used for residential and commercial investment property when more traditional institutional financing sources may not be available. Due to temporary liquidity, many borrowers have capital needs that traditional sources often can\u2019t meet. For example, a borrower purchases property out of bankruptcy or foreclosure and needs to close quickly \u201csame as cash\u201d before long term financing can be arrange.<\/p>\n\n\n\n

4. Simplified Income<\/strong>\u00a0\u2013 HNW borrowers often have personal and business tax returns, which are complicated<\/a>. The complexity of these returns often turns into an administrative nightmare for the borrower when dealing with a mortgage lender. What makes America Mortgages unique is the fact that 100% of our clients are living and working outside of the U.S. We are dealing with HNW clients from Shanghai to Sydney. Simply put, translations and understanding tax codes, deductions, net income, etc., is painful.<\/p>\n\n\n\n

America Mortgages HNW Simplified Income documentation is just that. We do not require years or, in some cases, decades of tax returns, P&L, A&L, bank statements, etc. We take an often complicated process and simplify it; 1. If you\u2019re self-employed, we will request a letter from your accountant stating the last two years\u2019 income and current YTD. 2. If you\u2019re employed, then a letter from your employer on company letterhead stating your last two years\u2019 income and current YTD is sufficient. Yes, it\u2019s that simple and painless.<\/p>\n\n\n\n

As 100% of our clients are either Foreign Nationals or U.S. Expats, we understand the intricacies and complexities of this type of lending for our borrowers. It\u2019s as simple as that. Our HNW loan programs are structured to meet our client\u2019s requirements. Providing competitive pricing with the assurance that your loan will close is our only focus, and no one does it better.<\/p>\n\n\n\n

hello@americamortgages.com<\/a><\/p>\n\n\n\n

www.americamortgages.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With inexpensive funding and various tax advantages, everyone should take advantage of the benefits of a mortgage when investing in U.S. real estate regardless of the loan size. However, why do the wealthy often find it increasingly difficult to obtain mortgage financing without AUM? With a portfolio of assets worth millions of dollars, one may assume that […]<\/p>\n","protected":false},"author":4,"featured_media":6392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/template-single-post.php","format":"standard","meta":{"_acf_changed":false,"qubely_global_settings":"","qubely_interactions":"","inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[14,1,25,23,24,31,13],"tags":[239,236,237,241,240,165,235,238,242],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-6375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign-nationals","category-loan-types","category-portfolio","category-purchase","category-residential","category-think-pieces","category-u-s-expats","tag-am-liquid-portfolio","tag-asset-based-lending","tag-commercial-properties","tag-high-net-worth-mortgages-for-u-s-real-estate","tag-inexpensive-funding-and-various-tax-advantages","tag-real-estate-investors","tag-real-estate-to-release-equity","tag-residential-properties","tag-without-aum-requirements"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",1200,800,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",1125,750,false],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",480,320,false],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman-150x150.jpeg",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman-300x200.jpeg",300,200,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman-768x512.jpeg",580,387,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman-1024x683.jpeg",580,387,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",1200,800,false],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",1200,800,false],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",1125,750,false],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",480,320,false],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",140,93,false],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",1200,800,false],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/11\/1581043512-wealthy-businessman.jpeg",1200,800,false]},"qubely_author":{"display_name":"Premela R.","author_link":"https:\/\/www.americamortgages.com\/author\/premela-r\/"},"qubely_comment":0,"qubely_category":"Foreign Nationals<\/a> Loan Types<\/a> Portfolio<\/a> Purchase<\/a> Residential<\/a> Think Pieces<\/a> U.S. Expats<\/a>","qubely_excerpt":"With inexpensive funding and various tax advantages, everyone should take advantage of the benefits of a mortgage when investing in U.S. real estate regardless of the loan size. However, why do the wealthy often find it increasingly difficult to obtain mortgage financing without AUM? With a portfolio of assets worth millions of dollars, one may assume that…","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/6375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/comments?post=6375"}],"version-history":[{"count":22,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/6375\/revisions"}],"predecessor-version":[{"id":17184,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/6375\/revisions\/17184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/6392"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=6375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=6375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=6375"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=6375"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=6375"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=6375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}