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Foreign national mortgage

Index Foreign national mortgage

A mortgage to a non resident is called a Foreign National Mortgage loan. [1]

10 relations: Alien (law), Down payment, Foreign national, Immigration, Loan-to-value ratio, Mortgage loan, Real estate, Real estate broker, Residency (domicile), Temporary resident.

Alien (law)

In law, an alien is a person who is not a national of a given country, though definitions and terminology differ to some degree.

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Down payment

Down payment (or downpayment, also called a deposit in British English), is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.

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Foreign national

A foreign national is a person who is not a citizen of the host country in which he or she is residing or temporarily sojourning.

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Immigration

Immigration is the international movement of people into a destination country of which they are not natives or where they do not possess citizenship in order to settle or reside there, especially as permanent residents or naturalized citizens, or to take up employment as a migrant worker or temporarily as a foreign worker.

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Loan-to-value ratio

The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased.

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Mortgage loan

A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

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Real estate

Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.

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Real estate broker

A real estate broker or real estate salesperson (often called a real estate agent) is a person who acts as an intermediary between sellers & buyers of real estate/real property.

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Residency (domicile)

Residency is the act of establishing or maintaining a residence in a given place.

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Temporary resident

A temporary resident is a foreign national granted the right to stay in a country for a certain length of time (e.g. with a visa or), without full citizenship.

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Redirects here:

Foreign National mortgage.

References

[1] https://en.wikipedia.org/wiki/Foreign_national_mortgage

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