Every borrower’s financial picture is different, and sometimes finding the right mortgage solution requires looking beyond traditional lending options.
Mortgage Loan Originator Saltanat Turabayeva recently helped a self-employed professional stock market trader secure financing for an investment property despite a unique income structure and the additional requirements associated with foreign national financing.
A significant portion of the borrower’s income comes from managing and trading accounts for clients overseas. Because this type of income does not fit neatly into traditional employment categories, the lender needed a clearer understanding of how the business operated and generated revenue.
Saltanat worked closely with the borrower to provide the additional information needed to explain the business model. This included demonstrating that the income was generated through professional client account management rather than simply trading the borrower’s personal assets.
Another challenge involved explaining how the borrower attracts new clients without traditional advertising. Saltanat helped establish how the borrower’s business works alongside her spouse’s significant online presence in the trading industry, providing important context around the company’s client acquisition strategy.
Even after addressing the income questions, Saltanat faced another obstacle: finding foreign national financing that would allow the borrower to move forward with 30% down on a substantial loan amount. One available option required 35% down, putting it outside the borrower’s budget.
Rather than settling for a financing structure that didn’t meet her client’s needs, Saltanat continued exploring alternatives and ultimately secured a solution at 70% LTV, allowing the borrower to complete the investment property purchase with the planned 30% down payment.
Facing a complex mortgage scenario or having difficulty finding financing that fits your needs? Contact Saltanat Turabayeva to discuss your options and find a solution designed around your financial situation.
