Investment Mortgage

Get the cash you need: cash-out refinance for foreign nationals

By Milo

April 1, 2021 4 min read

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Get the cash you need: cash-out refinance for foreign nationals

We probably don’t need to write out the reasons why you’d want – or need – to free up some of the money that’s is sitting in your investment property. Let’s face it, everyone appreciates getting access to some extra cash.

However, has a lack of U.S citizenship impeded your investment goals?

At Milo, we wish the answer was no. But, we’re realistic and we walk right alongside you – meaning we know the troubles you go through to acquire traditional financing.

You know this story all too well. High-interest, slow processes, travel demands, inflexible lending terms, rejections, deals that fall through… Traditional lending is systematically designed to exclude international buyers.

Whether you struggle to get a mortgage loan in the first place or you aren’t qualified to refinance your existing home loan, the core issue is clear. International buyers are continually excluded from financial lending systems.

In many cases, international clients have accolades and financial status that go above and beyond traditional borrowers. And yet, they are forced to go through the wringer in order to get home loans – in many cases, only to be rejected in the end. If it’s not a hard decline, then the bill runs up through the roof because of unrealistic interest rates, taxes and fees.

This situation has forced foreign nationals to do all-cash deals. But, cash buying is not a sound solution. It’s true that paying in cash can be easier than putting up with the hurdles and struggles that come with getting financing for U.S real estate investments.

However, it still doesn’t mean that paying in cash is a good idea. Once the deal has moved past closing, your money is locked into a real estate asset. Not only is it in another country, but it also takes cash away that could be used for other, more beneficial, uses.

No matter how you look at it, international investors seeking U.S residential assets are fighting an uphill battle.

Milo is Reimagining Finance for Global Consumers

Well, we think a little differently than the rest. At Milo, we think it’s the loss of the financial institution, not yours. We believe that everyone should have access to amazing products and services.

Milo values your time, respects your investment potential, and is always there for you when you need us.

If the only thing holding you back from getting a loan is the facts that you’re not a United States Citizen and you live in another country, let Milo be your solution. We can help you secure home loans for U.S investment assets.

But, we can do more than create new purchase mortgages. Milo also specializes in cash-out refinancing.

Cash-out refinancing gives buyers access to liquidity that can be used to meet any of their investment needs.

Leveraging some of the potential liquidity in your asset is one of the ways that investors should be able to reap the benefits of their efforts. It’s an inherent perk to managing and growing all of that wealth. But, this is another area where international investors aren’t given the opportunity to leverage their investments.

Like all the other issues that foreign nationals face when investing in U.S residential real estate, Milo can help you navigate a refinance loan. Even better, we’re making it easier than ever… so easy that you might just have fun.

Here’s a look at how Milo’s cash-out refinance works, and how we’re streamlining the process:

Cash-out Refinancing Loans for Foreigners in the U.S It never hurts to cover the basics, right? After all, the more clear we are, the more we can do to benefit your investment.

In essence, cash-out refinancing combines the best of both worlds: refinancing and borrowing money, all at the same time.

Unlike traditional refinancing, where buyers are most often looking to improved mortgage terms, a cash-out refinance delivers a lump-sum cash payment at closing.

This gives access to the equity that’s been invested into your asset. Rather than the equity sitting there, you can take it and use it for other business-related purposes -like it’s really yours. Because it is.

Similarly, for those who previously paid cash for their property (like many foreign investors in US properties), a cash-out refinance allows you to take a mortgage on the property while freeing up some of your capital in the form of a cash-out.

Why Milo Makes the difference

Being able to access the liquidity from your assets can help you increase your net worth. Ultimately, this is a must-have in order to optimize your investment portfolio.

Working with Milo makes all the difference for international investors because we are a company formed specifically for your needs. To us, you are perfect just the way you are.

Using cutting-edge technologies, we’ve designed a system that’s reliable, fast, easy, and fully online. We’ve made it simple for you to apply for and close on a cash-out refinancing home loan.

Milo never requires a social security number or a U.S tax return to begin underwriting your loan. We also won’t require you to travel to the U.S to attend bank visitis. Milo offers competitive interest rates on your new refinanced loan, helping you save money in the long run. Our process is fast, too. On average, we’re three times faster than big banks.

Milo’s goal is to underwrite close, and distribute your cash within weeks not months.

You can rely on Milo. We will always accompany you through to the end. We know that you’ve probably had bad experiences being left behind or abandoned by financial institutions. As a team built by foreigners in the U.S, we’ve faced the same hardships. That will never be your experience with Milo.

Whether you use the capital you gained through a cash-out to re-invest it in renovating your property or in other residential real estate assets, Milo is here to help you succeed.

Click here to see how much cash-out you qualify for. Or, click here to view your rates. If you’re interested in learning more about how Milo can assist you with gaining your funding in the U.S. residential real estate investments, visit our website.

The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.


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