Financial benefits of home mortgages for non-U.S. citizens
November 24, 2021 • 2 min read
In the United States, many non-U.S. citizens seek to invest in real estate as it is considered a stable and valuable asset. Money is much easier to make when it is compounding. A variety of real estate investments can help your clients achieve this goal, whether they are international buyers or residents.
Many special advantages come with real estate investments, and many have taken years to set up portfolios to realize these gains.
Owning Real Estate
It is estimated that upwards of 90 percent of all millionaires own real estate. Curating a real estate portfolio allows your clients to build collateral for other loans while optimizing the estate tax burden. Real estate works well as security for lower interest rates and long term loans which allows your clients to continue to build equity and add additional tax advantages that further offset overhead costs for your clients.
Borrowing Against Assets
Savvy investors work with their financial advisors regularly to leverage their current assets for purchases. The sale of assets triggers taxable events. But borrowing against current assets allows clients to avoid paying long-term capital gains. This strategy allows your clients to access cash while also leaving investment properties to grow. Current cash-out interest rates are very low, especially when compared to other forms of credit. The cost to borrow over time is also much less expensive than the taxation on a sale of the asset, but it also allows your clients to obtain liquid funds for other means.
With Milo, loan programs for your offshore clients include cash-out refinancing options that will give your clients access to funds while increasing assets under management for you as a financial advisor. Cash-out refinancing offers cash in a lump sum, as opposed to a home equity line of credit, which in itself can be tax-deductible depending on how the funds are used.
Borrowing against assets is a wonderful way to jump start a client’s portfolio and help them to continue to earn money. International investors are entering the American housing market at record rates, and Milo is here to stand in the gap, offering a variety of loan programs for non-U.S. citizens. Our team understands the international market and will offer the highest level of customer service for your clients.
Contact us today if you are interested in working with Milo to help your clients’ portfolios grow while increasing your own assets under management. As a private lender, Milo is able to offer the same interest rates as banks (as low as 3.75%) with added flexibility. Contact us today to learn more!
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.
Stay up to date on mortgage trends
Sign up to our newsletter for the latest insights on the housing market in the U.S.
How to refinance your U.S property as a Canadian investor
March 1, 2024 • 8 min read
How to apply for a U.S mortgage as a Canadian investor
February 23, 2024 • 10 min read
How to apply for a U.S mortgage as an Indian investor
February 22, 2024 • 10 min read