Forgotten Your Password?

Need to Register?

Question Icon

Want to refinance my home in texas while living abroad.

Me and my husband own a house in El Paso, TX and would like to refinance it. WE currently live in Europe and are renting our property in Us while we are gone. We get our income from a local company, but file taxes in US. I would really like to take advantage of the low rates. Currently I have 30y fixed for 6.125%. I would like to ask if this is anyway possible? by hanna._707_229 from El Paso, Texas. Sep 29th 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

It's very possible and because rates are low, you should take advantage now... reach out to a local TX broker, like Larry Bennett, and apply with him... By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Sep 29th 2012
1
0
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Absolutely, Larry is your guy. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Sep 29th 2012
1
0
Henry Daniels (HenryJDanielsNationalMortgage)
#11 ranked lender in Texas - 145 contributions

Hi Hanna, You can refinance this. However you would have to refinance as an investment property. If you have 20% equity in the property this would be no problem. Feel Free to contact our office and we can go over more of the specifics of your situation. Sincerely,Henry J Daniels - Sr. Mortgage Banker & CMPSI Certified Mortgage Professional"Educating you to make the right financial choices for your family today and tomorrow" Direct/Text: (936) 228-1944 & Fax: (832) 217-3033

Sep 29th 2012
0
0
Subscribe to our news feed.