28 Mar '15, 9am

How to go about financing your overseas property #Realestate #Finance #Money

How to go about financing your overseas property #Realestate #Finance #Money

Mortgage 101: How to go about financing your overseas property When you're ready to take the plunge into overseas property, what you'll need to look for is a bank that will provide you with the means of funding your mortgage. Unless you're paying full in cash, this is the first thing you'll be doing. As different banks provide varied types of rates and services, take the time to shop around for a deal that suit you best. Keep in mind though, that it is considerably easier to procure a mortgage loan from a bank if you are planning to reside and are earning an income in that country. This does help to mitigate the risks behind a constantly fluctuating currency. Furthermore, the bank is assured of your ability to pay back the loan as commitment in the country is likely to hinder you from leaving abruptly. You will need to prepare a number of documents to present to the overse...

Full article: http://www.propertyguru.com.sg/lifestyle/article/2/mortga...

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