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Q: Getting a mortgage loan for a property in Brazil ( No Answer,   1 Comment )
Question  
Subject: Getting a mortgage loan for a property in Brazil
Category: Business and Money > Finance
Asked by: vanina-ga
List Price: $50.00
Posted: 08 Sep 2003 18:52 PDT
Expires: 08 Oct 2003 18:52 PDT
Question ID: 253691
US banks or financial institutions interested in granting a
mortgage-loan for the purchase of a property in Rio de Janeiro, by a
US Resident working for a US Company in Brazil, with US based salary
paid in a US Bank
Answer  
There is no answer at this time.

Comments  
Subject: Re: Getting a mortgage loan for a property in Brazil
From: probonopublico-ga on 08 Sep 2003 23:13 PDT
 
This might be tough.

A lender might have difficulty in realising his security in the event
of default. This could be overcome if you could also offer some
US-based security.

But why not raise the finance in Brazil? The Golden Rule is to borrow
in weak currencies but lend in hard.

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