#Short Term Mortgage

[usbridgeloans]

Taking the Pain out of High Net Worth mortgages for U.S. Real Estate, without AUM requirements

With inexpensive funding and various tax advantages, everyone should take advantage of the benefits of a mortgage when investing in U.S. real estate regardless of the loan size. However, why do the wealthy often find it increasingly difficult to obtain mortgage financing without AUM?

With a portfolio of assets worth millions of dollars, one may assume that securing credit would be a straightforward task for a high net worth (HNW) individual. Unfortunately, the reality can be quite different especially if you’re a foreign national or U.S. Expat.

The unique nature of a HNW’s wealth – their income, investments, and liquidity – puts this group of people at a surprisingly high risk of being turned away by conventional banks unless they are willing to deposit a significant amount of funds for the bank to manage. This is certainly true in the mortgage market, and what’s more, it is an issue that has become more prevalent post-Covid.

American Mortgages has a dedicated HNW Team that focuses on mortgage solutions for foreign nationals and U.S. expatriate clients.

“As a company, our focus is finding solutions that go beyond what Private Banks can offer was the cornerstone of why this has been so successful. Our goal is to be a viable solutions provider and a trusted partner for the private banks and their clients. None of our loans require AUM, hence there are no funds taken away from their current investments or portfolio.” – Robert Chadwick, co-founder of Global Mortgage Group and America Mortgages.

America Mortgages HNW mortgage loans have a multitude of options when it comes to qualifying for a large mortgage loans regardless of the passport you hold.

Asset Depletion – a surprisingly simple way to establish your income. AM Liquid Portfolio uses a unique view on “asset depletion” to qualify HNW clients using their investment portfolio without an encumbrance or pledge of assets. Essentially, all of your assets are entered into a calculation, and a final number is churned out. The final number is then used as the income to qualify. In most cases, as long as the income is sufficient, no other person’s income documentation is required. This makes an often complicated and tedious process simple, transparent, and painless.

Debt Service Coverage – When it comes to HNW borrowers, one of the most overlooked and misunderstood loan programs is debt service coverage. HNW borrowers tend to own multiple properties in various asset classes. If the property is used as a rental, then there may not be any requirement to go through the tedious process of providing and verifying personal income. Again, as HNW borrowers tend to have very complicated tax returns, this is a straightforward way to show the borrower’s debt serviceability.

Debt service coverage ratio– or DSCR – is a metric that measures the borrower’s ability to service or repay the annual debt service compared to the amount of net operating income (NOI) the property generates. DSCR indicates whether a property is generating enough income to pay the mortgage. For real estate investors, lenders use the debt service coverage ratio as a measurement to determine the maximum loan amount.

Bridge/Asset Based Lending – With Covid still in play, it’s not uncommon for investors to experience a temporary liquidity event. Rather than selling their property, they are using their real estate to release equity. Asset-based lending is an option for both residential (non-owner-occupied) and commercial properties.

Simply stated, HNW bridge loans are used for residential and commercial investment property when more traditional institutional financing sources may not be available. Due to temporary liquidity, many borrowers have capital needs that traditional sources often can’t meet. For example, a borrower purchases property out of bankruptcy or foreclosure and needs to close quickly “same as cash” before long term financing can be arrange.

Simplified Income – HNW borrowers often have personal and business tax returns, which are complicated. The complexity of these returns often turns into an administrative nightmare for the borrower when dealing with a mortgage lender. What makes America Mortgages unique is the fact that 100% of our clients are living and working outside of the U.S. We are dealing with HNW clients from Shanghai to Sydney. Simply put, translations and understanding tax codes, deductions, net income, etc., is painful.

America Mortgages HNW Simplified Income documentation is just that. We do not require years or, in some cases, decades of tax returns, P&L, A&L, bank statements, etc. We take an often complicated process and simplify it; 1. If you’re self-employed, we will request a letter from your accountant stating the last two years’ income and current YTD. 2. If you’re employed, then a letter from your employer on company letterhead stating your last two years’ income and current YTD is sufficient. Yes, it’s that simple and painless.

As 100% of our clients are either Foreign Nationals or U.S. Expats, we understand the intricacies and complexities of this type of lending for our borrowers. It’s as simple as that. Our HNW loan programs are structured to meet our client’s requirements. Providing competitive pricing with the assurance that your loan will close is our only focus, and no one does it better.

For more information, Visit: https://usbridgeloans.com/taking-the-pain-out-of-high-net-worth-mortgages-for-u-s-real-estate-without-aum-requirements/

[miniatureliterature]

The universe can stop now. It can stop. I’ve had enough now, it can chill out. I’m good. It can stop.

[dravidssideblog]

Yet another idea for a setting that facilitates unwilling play: Role swaps. There's two groups, like angels and demons, or humans and plushies, whatever. And they very much enjoy ownership and dominance and all that fun, human-rights-violating stuff. So for example, the plushies are bigger and stronger than the humans and they love to own humans and play with them and the humans have no freedom or agency and it's super unethical and sucks for them, all the stuff that makes me sad, BUT!

Then New Year's Day rolls around. The plushies shrink in size, and now the humans are the big strong ones. So THEY get a turn owning and dominating and playing in whatever unfair way they want. Until next year, when it's plushie-time again.

This hits a lot of notes that I like, namely a long-term or even (kinda) permanent ownership situation, and can be almost fully unwilling. I've always kinda liked the idea of a setting where one species owns another, but it always feels so cruel and unfair to the owned species. This makes it all feel very fair by flipping the script; you WILL be nonconsensually owned, but not only will you have freedom, you'll get a turn being on top!

It's not even about the "getting to be the dom" part, it's just about the fairness; when everyone, including the owners, has to deal with being owned, it's not cruel or unfair, it's just part of life. And getting a turn on top is less about owning and more about freedom; the ownership situation is kinda permanent, yet you still get to live your life. It's the best of both worlds, permanent unwilling ownership yet without robbing the victim of their life.

[roki58750]

[singaporebridging]

How to use your home equity to access immediate cash flow for investments

Get immediate cash flow for investments through home equity!

As the clear leader in high-value bridging loans in Singapore, with numerous awards in recent years, we understand the benefits of bridging loans and how they can help local Singaporeans with their cash flow.

What is a bridging loan?

A bridging loan is an asset-based, short-term loan designed to “bridge” the gap between immediate financial needs and longer-term funding options. Singapore bridging loans have gained popularity as a quick and flexible solution for urgent financial requirements. 

Whether you are a property buyer, seeking real estate investments, or a business owner in need of quick capital, Bridging Loans offer easy and rapid access to funds. They are also referred to as bridge financing, swing loans, and caveat loans.

How do bridging loans work?

Bridging loans serve as a temporary financial solution, typically requiring repayment within a few months to a couple of years. These short-term loans are secured against valuable assets, such as real estate or other properties. Bridging loans offer a quick and versatile option for various needs.

In this case, we focus on using Singapore real estate as the asset to collateralize and access funding.

Bridging loan case study:

Singapore businessman is offered an opportunity to purchase a hotel for $5M, a significant discount from the book value of $10M, but needs funding within 30 days!

The client contacted GMG to explore how to use their landed property as a liquidity tool to access cash flow.

Step 1. Assess the value of your Singapore real estate through an appraisal. For example, the property value in this case is $10M.

Step 2. Arrange a private loan for 70% of the appraised value. In this case, $10M x 70% = $7M loan amount.

Step 3. Any existing mortgage must be paid off first. For instance, say there is an existing mortgage with UOB for $2M: $7M loan amount – $2M existing mortgage = $5M net loan amount.

Step 4. The client uses $5M to acquire the distressed hotel, immediately doubling its value to $10M: a 100% net asset value for the client!

How can you use a bridging loan?

Property purchases: Bridging loans are commonly used in real estate transactions to secure dream homes while awaiting the sale of existing property, ensuring a seamless transition.

Property development: Property developers use bridging loans to fund construction or renovation projects, enabling them to start promptly and capitalise on favourable market conditions

Business expansions: Temporary Bridging Loans bridge cash flow gaps during business expansions and enable seizing growth opportunities

Auction financing: Bridging loans can provide the solution for immediate funding that are required for auction purchases

Opportunistic investments: Savvy investors use short-term bridging finance to take advantage of time-sensitive investment opportunities.

Why bridging loans?

Not only do bridging loans have a variety of potential uses, but they also offer unique benefits:

Immediate access to finds

Online application form

Flexible repayment options (including interest)

Increased liquidity

Minimal required documents

Smooth property transitions

Free loan assessment

How can GMG help?

GMG offers exclusive opportunities with bespoke bridging funds:

High loan-to-value (LTV) – funding of up to 75%, tailored to customers’ individual needs, which traditional banks tend to not consider

Ease of qualification – focus on qualification based on property value rather than personal financials (e.g., age, income, and Total Debt Servicing Ratio (TDSR)) unlike with a bank bridging loan

Speedy approval process – bridging loans are approved within 24 hours and funded in as quickly as 3 days.

GMG provides bridging funds not only within Singapore but also offers similar financing solutions in the United States, United Kingdom, France, Canada, Australia, Thailand, Philippines, and Hong Kong.

[tabithahobson]

Do You Need a Quick Loan?

Borrow any day, anytime!

Apply for a loan of $50,000 up to $1,000,000

Yes, that’s correct!

At Global CU the success of our customers comes first,

We makes it easy to borrow money to fund your dream.

If you live in the United States and Canada or even in the United Kingdom, then you’re eligible to apply.

Inbox me to get started on your journey to success!

#Loan #businessloan #loanservices #loanofficer #finance #mortgage #autoloan

[gallusrostromegalus]

Basically. I got screwed.

I am very sorry for how relatively quiet this blog has been but I've been dealing with a very unpleasant situation the last few months, and now I need help.

Essentially, I tried to help someone out, and she took advantage of me, and I have no way to recoup my losses.

Earlier this year, I moved into a new house. Before we sold the old house, a Now-Former friend ran into some trouble and was about to become homeless with pets and a small child. Not wanting them to be on the street, we offered to hold off selling the old house so she could stay there for a little while, if she could pay the cost of the mortgage on that house (because I could afford one mortgage but not two) while we helped her find somewhere more permanent.

I was not making money from this- since I was still paying the utilities and property taxes, I was actually losing money, but willing to soak that in order to help her save up and get her on her feet.

Instead, she:

Never Paid a Dime towards covering the mortgage costs like she agreed ($12,000 for the nine months she was there)

Trashed the house ($500 dump fees for the trash alone)

Let her pets piss and shit all over the house ($1,500 bio hazard cleanup, $4000 to replace the carpet and other damaged flooring)

Caused an electrical issue in the garage ($900 to repair)

Broke the washer, dryer and refrigerator ($2500 to replace)

Broke the fence ($1000 to repair)

When I told her I could no longer financially support her and that I needed to sell the old house, she illegally squatted there for a solid three months and I had to hire a lawyer and actually take her to court to get her to leave ($2,500)

The resulting stress has been, as you can imagine, stressful.

So stressful, in fact, that it aggravated a the medical conditions my husband had and made him extremely sick. He had to go to the hospital and take time off work to recover. Now the health insurance is trying to weasel out of paying his short-term disability claim.

So net, this woman has managed to cost me around $25,000 and that's not taking into account the missed paychecks and medical expenses. I do not have $25,000, and until at least $13,000 of that is spent to repair the damage she did, I legally cannot sell the house to even begin to recoup my losses.

Theoretically, I could sue this woman, but she doesn't have any money and it would be me paying even more money I don't have to get... Nothing. So I'm asking for help to cover the costs of getting the old house ready to sell, my husband's medical expenses, and other expenses incurred by this debacle:

If you can help out in any way-share, donate spare change, anything- I'd be extremely grateful.

Thank you.

[bestandfree]

Dscr loan florida

Dscr Loan Florida DSCR loan in Florida can help you get the money you need to pay off your debt and start fresh. The program offers low interest rates, flexible repayment options and an easy process. 1. DSCR Loan Florida: What is it? DSCR Loan Florida is a new type of loan that was created in order to help people who are in need of financial assistance. This loan is designed specifically for…

[teh-tj]

Greenbelt Maryland. Or, how America almost solved housing only to abandon it.

**I AM NOT AN EXPERT! I AM JUST AN ENTHUSIST! DO NOT TREAT MY OPINIONS/SPECULATION AS EDUCATION!**

During the Depression America faced a housing crisis that rhymes with but differs from our own. It’s different in that there wasn’t a supply issue, there were loads of houses in very desirable areas, but they were still unaffordable as people’s incomes collapsed causing a deflationary spiral. While the housing supply subtly grew and succeeded demand, people simply couldn’t pay the meager rents and mortgages. Herbert Hoover failed to manage the Depression, while his inaction is greatly exaggerated, his policy of boosting the economy with works projects and protecting banks from runs failed and the depression only got more pronounced in his term. In comes Franklin Roosevelt, a progressive liberal much like his distant and popular cousin/uncle-in-law Teddy. Franklin’s plan was to create a large safety net for people to be able to be economically viable even if they’re otherwise poor. These reforms are called the New Deal and they did many controversial things like giving disabled and retired people welfare, giving farmers conditioned subsidies to manipulate the price of food, a works program to build/rebuild vital infrastructure, etc. One of these programs was the USHA (a predecessor of America’s HUD), an agency created to build and maintain public housing projects with the goal of creating neighborhoods with artificially affordable rents so people who work low-wage jobs or rely on welfare can be housed.

In this spirit, the agency started experimenting with new and hopefully efficient housing blueprints and layouts. If you ever see very large apartment towers or antiquated brick low-rise townhouses in America, they might be these. The USHA bought land in many large and medium-sized cities to build “house-in-park” style apartments, which is what they sound like. Putting apartment buildings inside green spaces so residents can be surrounded by greenery and ideally peacefully coexist. Three entire towns were built with these ideas outside three medium-sized cities that were hit hard by the depression; Greenbelt outside DC, Greenhills outside Cincinnati, and Greendale outside Milwaukee. The idea was to move people out of these crowded cities into these more sustainable and idyllic towns. There were many catches though, the USHA planned for these towns to be all-white, they used to inspect the houses for cleanliness, they required residents to be employed or on Social Security (which basically meant retired or disabled), they also had an income limit and if your income exceeded that limit you were given a two-month eviction notice, and you were expected to attend town meetings at least monthly. While the towns didn’t have religious requirements they did only build protestant churches. Which is an example of discrimination by omission. While a Catholic, Jew, Muslim, etc could in theory move into town they also couldn’t go to a Catholic church, synagogue, or Islamic center without having to extensively travel. Things planned communities leave out might indicate what kind of people planned communities want to leave out. Basically, the whole thing was an experiment in moving Americans into small direct-democracy suburbs as opposed to the then-current system of crowded cities and isolated farm/mine towns. This type of design wasn’t without precedent, there were famously company towns like Gary and Pullman which both existed outside Chicago. But those lacked the autonomy and democracy some USHA apparatchiks desired.

The green cities were a series of low-rise apartments housing over a hundred people each, they were short walks from a parking lot and roads, and walking paths directly and conveniently led residents to the town center which had amenities and a shopping district. Greenbelt in particular is famous for its art deco shopping complex, basically an early mall where business owners would open stores for the townspeople. These businesses were stuck being small, given the income requirements, but it was encouraged for locals to open a business to prove their entrepreneurial spirit. Because city affairs were elected at town meetings the city was able to pull resources to eventually build their own amenities the USHA didn’t originally plan for like a public swimming pool or better negotiated garbage collection.

These three cities were regarded as a success by the USHA until World War II happened and suddenly they showed flaws given the shift in focus. These towns housed poor people who barely if at all could afford a car, so semi-isolated towns outside the city became redundant and pointless. The USHA also had to keep raising the income requirement since the war saw a spike in well-paying jobs which made the town unsustainable otherwise. During the war and subsequent welfare programs to help veterans, these green cities became de facto retirement and single-mother communities for a few years as most able-bodied men were drafted or volunteered. Eventually, the USDA would make the towns independent, after the war they raised the income limit yet again and slowly the towns repopulated. As cars became more common and suburbanization became a wider trend these towns would be less noticeably burdensome and were eventually interpreted as just three out of hundreds of small suburban towns that grew out of major cities. They were still all-white and the town maintained cleanliness requirements; after all they lived in apartments it just takes one guy’s stink-ass clogged toilet to ruin everyone’s day.

By the 1950’s these towns were fully independent. Greendale and Greenhills voted to privatize their homes and get rid of the income limit all together so the towns can become more normal. Greenhills, Ohio still has many of these USHA-era houses and apartments, all owned by a series of corporations and private owners. Greendale, Wisconsin property owners have demolished most of these old houses and restructured their town government so most traces of its founding are lost. But Greenbelt, Maryland still maintains a lot of its structure to this day. Greenbelt has privatized some land and buildings, but most of the original USHA apartments are owned by the Greenbelt Homes, Inc cooperative which gives residents co-ownership of the building they live in and their payments mostly go to maintenance. Because Greenbelt was collectively owned the House Un-American Activities Committee would blacklist and put on trial most of Greenbelt’s residents and officials. Though they didn’t find much evidence of communist influence, the town was a target of the red scare by the DMV area, residents were discriminated, blacklisted, and pressured into selling their assets. While Greenbelt did commodify some of the town, the still existing co-ownership shows the town’s democratic initiative to maintain its heritage. The green cities desegregated in the 50’s and 60’s depending on state law, Greenbelt was the last to desegregate under the Civil Rights Act of 1964, while discrimination persisted for years by the 1980’s the town would become half non-white, today the town is 47% black and 10% Asian.

Though these towns largely integrated with a privatized and suburbanized America, they do stand as a memorial to an idea of American urbanism that died. They were designed for walkability and were planned to be more democratic and egalitarian towns, with the conditions that came with segregation and government oversight. You can’t ignore the strict standards and racism in their history, but you can say that about many towns. How do you think America would be different if more cities had green suburbs that were more interconnected and designed for community gatherings?

[literaryvein-reblogs]

Writing Notes: Death & Dying

Death - the end of life, a permanent cessation of all vital functions.

Dying - the body’s preparation for death. This process may be very short in the case of accidental death, or it can last weeks or months, such as in patients suffering from cancer.

DEATH PREPARATION

Although it is not always possible, death preparation can sometimes help to reduce stress for the dying person and their family. Some preparations that can be done beforehand include:

Inform one or more family members or the executor of the estate about the location of important documents, such as social security card, birth certificate, and others.

Take care of burial and funeral arrangements (such as cremation or burial, small reception or full funeral) in advance of death, or inform family members or a lawyer what these arrangements should be.

Discuss financial matters (such as bank accounts, credit card accounts, and federal and state tax returns) with a trusted family member, lawyer, estate executor, or trustee.

Gather together all necessary legal papers relating to property, vehicles, investments, and other matters relating to collected assets.

Locate the telephone numbers and addresses of family and friends that should be contacted upon the death.

Discuss outstanding bills (such as utilities, telephone, and house mortgage) and other expenses that need to be paid.

Collect all health records and insurance policies.

Identify the desire to be an organ donor, if any.

MOURNING & GRIEVING

The death of a loved one is a severe trauma, and the grief that follows is a natural and important part of life.

No two people grieve exactly the same way, and cultural differences play a significant part in the grieving process.

For many, the immediate response may be shock, numbness, or disbelief.

Reactions may include:

Shortness of breath, heart palpitations, sweating, and dizziness.

Other reactions might be a loss of energy, sleeplessness or increase in sleep, changes in appetite, or stomach aches.

Susceptibility to common illnesses, nightmares, and dreams about the deceased are not unusual during the grieving period.

Emotional reactions are as individual as physical reactions.

A preoccupation with the image of the deceased or feelings of hostility, apathy, emptiness, or even fear of one’s own death may occur.

Depression, diminished sex drive, sadness, and anger at the deceased may be present.

Bereavement may cause short- or long-term changes in the family unit or other relationships of the bereaved.

It is important for the bereaved to work through their feelings and to not avoid their emotions.

Support groups are often available.

If a person does not feel comfortable discussing emotions and feelings with family members, friends, or primary support groups, they may wish to consult a therapist to assist with the process.

Various cultures and religions view death in different manners and may conduct mourning rituals according to their own traditions.

Visitors often come to express their condolences to the family and to bid farewell to the deceased.

Funeral services may be public or private.

Family or friends of the deceased may host a gathering after the funeral to remember and celebrate the life of the deceased, which also helps the bereaved to begin the mourning process positively.

Knowing how much a loved one is cherished and remembered by friends and family can provide comfort to those who experienced the loss.

Other methods of condolences include sending flowers or cards to the home or the funeral parlor, sending a donation to a charity that the family has chosen, or bringing a meal to the family during the weeks after the death.

Source ⚜ More: Writing Notes & References ⚜ Pain ⚜ Bereavement Death & Cheating Death ⚜ Pain & Violence ⚜ Death & Sacrifice

[ayeforscotland]

So a little bit more on this image where Tory MSPs stand amongst a crowd of short-term let landlords holding up a variety of signs including weird girlboss slogans, something about shooting a family holiday in the back of the head, an autistic person's 'dream' about being an AirBnB landlord, and - because of course - antisemitism. Scotland is introducing legislation to curb AirBnB and short-term lets which particularly impact Edinburgh. The people in this photo are basically unregulated landlords who believe they are entitled to hoard property. This impacts everything from housing availability to rent in the city. The people above are protesting this legislation, and many are refusing to pay the couple of hundred pounds to apply for a license to continue operating their property empires. They say they'll be automatically rejected. But why? Why would they be automatically rejected?

Could it be that, when they acquired their properties, some of them may have not applied for planning permission to repurpose their flats as commercial properties? (Answer: Yes) Could it be that if they never applied for a 'Change of Use' in accordance with the Town and Country Planning (Use Classes) Scotland Order 1997 - this may perhaps render some of them in breach of their insurance? (Answer: Yes) Could it be that by not complying with planning regulations that some may have in fact committed mortgage fraud? (Answer: Yes)

[roki58750]

Bad Cibil Loan Contact Me