2006-07-29 06:00:42 · 5 answers · asked by Valentina K 2 in Business & Finance ➔ Credit
I mean loan will be taken in US and property will be outside of US...is it possible?
2006-07-29 06:11:16 · update #1
lenders are "they" and my credit score better then avarege
2006-07-29 06:16:33 · update #2
Who is "they" and what is your credit rating?
2006-07-29 06:14:44 · answer #1 · answered by carl l 6 · 1⤊ 0⤋
Yes, you can get an equity line of credit which can be activated from a check or a visa card and use the funds to purchase property outside of the United States. This would be the easiest way to accomplish the task.
Good Luck and make sure you have a knowledgable attorney that you hire to help you in the country you are purchasing in.
2006-07-29 14:25:26 · answer #2 · answered by teenriodoll 3 · 0⤊ 0⤋
A bank may lend you money...but under ordinary circumstances you cannot get a US bank to grant you a mortgage (and I assume thats what you want) on a property located outside the US.
You may be able to get a mortgage from a bank located in the same country as the propety.
2006-07-29 14:31:33 · answer #3 · answered by Stephen B 3 · 0⤊ 0⤋
Not likely the loan company must be able to reposes and unless they are also set up in the country you are buying the land from they can not do it .You would have to put up collateral that is in the United States.
Good Luck.
2006-07-29 13:42:45 · answer #4 · answered by Elaine814 5 · 0⤊ 0⤋
of course.every country also can get loan.if cannot get legal loan. then get illegal loan.
2006-07-29 13:05:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋