2 Thoughts on How would I go about getting a loan to buy a house in another country?
  1. Reply
    dog ma
    February 15, 2014 at 6:55 am

    You will need to talk with a lender in that country – each country has its own rules and regulations. US lenders will not lend on foreign property.

  2. Reply
    February 15, 2014 at 7:16 am

    It is going to be difficult to borrower money in a foreign country and most US Banks will not lend outside of US.

    One Solution:

    Do you have equity in your current home? You can do a cash-out on your home in the US and pay cash for the property over seas.

    Not enough equity?

    Maybe you have half the money in equity in US and could get 50% mortgage or less from foreign bank. Unlike the US, bankers in other countries like to have lots of equity and they usually lend on LIBOR plus an amount for a 15 year terms.

    Whoever is selling the property should be able to recommend a respectable banker to get terms.

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