Qualify at the start rate on 7/1, 2% over on the 5/1 and 6% over on the 3/1
Where Can You Find Referral Sources for these Borrowers?
United States employers are relying more and more on foreign talent to fill their personnel needs, but unfortunately they generally do not offer assistance with the home buying process.
This tends to cause the borrowers to get bad information, or worse yet, get turned down for a mortgage through a non-broker source which triggers them to sign leases and wait for
12-24 months before entering the applicant pool.
Target lead sources such as:
Expat online communities such as Internations.com, Britishexpats.com and other Expat blogs
It's imperative you become visible to these potential borrowers early in the immigration process!
Northstar Funding Inc – NMLS 139369 Licensed Mortgage Correspondent Lender State of Connecticut (#MCL-139369); Licensed Mortgage Broker State of Florida (#MBR708); Licensed Mortgage Lender State of Maryland (#21674); Licensed Correspondent Residential Mortgage Lender State of New Jersey (#0751973); Registered Mortgage Broker State of New York (#A007412); Licensed Mortgage Broker Commonwealth of Pennsylvania (#44493); Licensed Loan Broker State of Rhode Island (#20143018LB); California License (#60DBO61184 ); Licensed Mortgage Broker District of Columbia (#MLB139369); North Carolina Mortgage Broker License (#B-175236); Colorado Mortgage Company Registration