Milo now grants US home loans to Canadian nationals
MIAMI, March 15, 2021 / PRNewswire / – Milo, the digital banking and lending startup serving consumers around the world, today announced that it will now provide US home loans to Canadian citizens so they can buy or refinance their investment properties in the United States. United.
Globally, Milo offers consumers a faster, simpler, and fully online process to qualify, take out and close a loan from anywhere in the world with fair U.S. interest rates. Since summer 2020, Milo has processed more than $ 100 million in loan applications for purchases or collection of refinancing loans.
Canada introduces a new English-speaking customer base for Milo’s innovative and technological services. The country is the second largest market for foreigners buying real estate in United States, according to the National Association of Realtors. Milo expects the country to remain a significant player in space for years to come.
“Many Canadians we meet have always dreamed of buying properties in Florida, Arizona, Texas, and California,” noted Josip rupena, CEO and founder of Milo. “With today’s low interest rates and Milo’s unique digital lending experience, this dream is now closer to reality. “
On his heels $ 6 million seed round announcement Earlier this year, Milo began hiring new staff for his US-based team, which will allow him to serve and support Canadian nationals. Milo is already represented by 10 nationalities and will continue to expand its team to meet the needs of growing global consumer segments.
Milo is a fintech company that is reinventing the way consumers around the world access financial solutions and unlock what’s possible in a world without borders. By building a proprietary technology stack from scratch and employing a world-class team, the company has enabled foreign nationals to access millions of dollars in home loans in the United States through qualifying, underwriting and rapid loan closings – no bank visit required. Milo is passionate about the digital transformation of financial services, solving real problems and making a meaningful impact on people’s lives. For more information visit www.milocredit.com or by e-mail to [email protected]
THE SOURCE Credit Milo