The Client
International school mathematics teacher purchased a home in 2019 with a high-interest rate. Since she had long term tenants and the rent was covering the mortgage, she hadn’t thought about refinancing until one of her colleagues mentioned lowering their mortgage rate using Global Mortgage Group.
How We Helped
Although we gave her a very detailed report on the various options, including releasing up to $68,000 in cash out of her property, her priority was to get the lowest rate possible and maximize the rental yield.
Loan Details
| Nationality | Property Value | Loan Amount | LTV | Rate |
| U.S. Citizen | $313,000 | $181,540 | 58% | 3.35% |
| Term | State | Property Type | Purpose | Loan Type |
| 30 year fixed | Tampa, Florida | Single-Family Residence (SFR) | Refinance | Residential |
| Nationality | U.S. Citizen |
| Property Value | $313,000 |
| Loan Amount | $181,540 |
| LTV | 58% |
| Rate | 3.35% |
| Term | 30-year fixed |
| State | Tampa, Florida |
| Property Type | Single Family Residence |
| Purpose | Refinance |
| Loan Type | Residential |
- 5 Reasons Why U.S. Housing Prices will not Crash but Surprise us!
- 5 reasons why Texas is a GREAT state for property investment
- How will Singapore’s & Hong Kong’s property markets develop in 2023, & what other factors will determine the two cities’ appeal as financial hubs?
- Real Estate Capital Gains Tax – A Global Comparison
- Global Stamp Duty Comparison For International Real Estate Investors
