Where To Find Lenderss For Overseas Mortgage?

Comments(5)

• 
  gainesvilleJ26th March, 2008

  I would think it depends heavily on which country you are purchasing in. Some of the smaller banks in smaller countries will not finance the purchase of a property in another country.
  I would call around banks in Trinidad. They are by far the richest nation of the carribean islands. They would most likely have a program for purchasing in other countries.
  
  Try ScotiaBank in Trinidad

• 
  LynLinz26th March, 2008

  Thank you,
  
  The property is in Anguilla
  Trinidad is at the bottom of the line of islands, about 500 miles from Anguilla.
  
  I wonder if they speak English
  
  I will try them if we decide to purchase

• 
  gainesvilleJ27th March, 2008

  They do speak English. I have a few investors from Trinidad that invest in RE in the states with me. Very good people.
  
  Because of the oil, it is actually the richest of the carribean islands. Probably a good place to start. It would be hard to convince a country with a struggling economy to finance the purchase of a property somewhere else.
  
  Good luck.

• 
  cjmazur27th March, 2008

  The bank of the 25K is spread out. Having the debt out standing the minimum period of time is optimal.

• 
  edmeyer27th March, 2008

  You are correct in that if a note pays off early it will increase IRR. You might take a look at one of my articles titled "What is the value of your note?" . It may help you a little.