Learn. Share. Connect. (52,363 Members)  - Join
Join Now or Sign In
for Full Access to All Features
Refinance Rates
Purchase Rates
Refinance Rates,
   Product:                      Today       Last Week
Compare rates in your area:
Refinance rates provided by 
Mortgage Rates
Refinance Rates
Purchase Rates
Purchase Rates,
   Product:                      Today       Last Week
Compare rates in your area:
Refinance rates provided by 
Mortgage Rates

Local Professionals
(Change Your Location)

Please add 3 and 5 and type the answer here:
Mortgage Rates
30 Yr FRM 4.83% -0.08%
15 Yr FRM 4.32% -0.04%
1 Yr ARM 4.35% -0.11%
5/1 Yr ARM 4.25% -0.04%
30 YR Tres 4.25% -0.03%
Fed Prime 3.25% 0.00%
 
Q: I have been out of the USA for 4-5 years and will be returning mid summer next year. I need to get a mortgage but my tax returns are from Ireland, I have not filed taxes in the USA since I left in 2004. Will I have a problem getting a mortgatge?
  • If you are self employed, you may run in to challenges for several reasons. One being the risk that your self employment income will not be substainable with the relocation.  The other would be determining how the numbers correlate to income in the United States. 

    But, if you can show that you have been working as an employee while overseas for the last two years and have now transfered or gained new employment in a similar industry, the fact that you were not in the states should have no bearing on your ability to obtain financing as soon as your new employment has started. Typically the timeframe is set so that you cannot close on a purchase until after your first paycheck has been received.


    Answer Submitted on Wed, Nov 4 2009

    Rate this Answer:
    Answer Contributed by: Rod Dennis
    Rod Dennis
    President

    America’s Mortgage Store, Inc.
    8436 East Shea, Suite 100
    Scottsdale, AZ 85260

    (o) 480-850-6501
    (c) 480-695-0733
    (f) 480-850-6522

    www.AmericasMortgageStore.com
    Rod@AmericasMortgageStore.com


    http://www.linkedin.com/in/roddennisaz
Submit Answer
This page has been accessed 173 times
Have more questions?  Visit our Consumer Forums and discuss your questions with our network of industry professionals.

Important Disclaimer: Questions and answers provided on the Mortgage News Daily Wiki are general information, and are not intended to substitute for informed professional financial, tax, legal, investment, accounting, or other professional advice. Mortgage News Daily does not endorse, and expressly disclaims liability for any product, service or service provider mentioned or any opinion expressed in these questions and answers. Please read carefully the Mortgage News Daily Wiki Disclaimer.