Mortgage loans

Terms

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CURRENCY: USD

NATIONALITY: US or Canadian citizens

MINIMUM PROPERTY VALUE: $250,000 USD

LOAN-VALUE RATIO: Up to 65% of the appraisal value

LOAN DURATION: from 5 to 25 years

FEE: Fixed

MINIMUM FICO: 700

BENEFITS:With no prepayment penalty, interest is calculated on the unpaid balance, and the entire process is carried out under a One-Stop Banking® experience

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Yessubject to change depending on the market

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Loan Process

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ARE YOU A CANDIDATE? Contact us atedith@edithsoto.com

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1. LOAN APPLICATION:  

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Prequalification

• Subscription

Property evaluation

• Commercial appraisal

• Search title

Approvement letter

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2. CLOSURE:  

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• Escrow Account

• Cadastral appraisal

• Trust agreement

• Account opening

• Insurance policies

• Wanderings

• Release of escrow funds

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3. POST CLOSURE:

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• Cadastral registration

• Public registration process

• Deed registration

• Title policy

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Required documents

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BORROWER / COPRESTATARYAN

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• Passport

• Residence/immigrant card

• Form (FMM)

• Marriage certificate (if applicable)

• Proof of residency (country of origin)

• Social Security Number/SIN

• Financial - Investment/Bank - Statements (last 6 months)

• Tax Returns (last 3 years)

• Power of attorney (if applicable)

• Administrative forms

• Credit report and score (country of origin)

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