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US Mortgages for buying property in India?
Posted on December 8th, 2010 2 comments
Vish asked:
Hello,
I own an apartment in India. Home loan from from Indian banks cost 10+ %. Do US lenders/financiers provide mortgage for Indian property? I am looking for interest rate similar to mortgages in USA 5-6 %.
I am in USA , waiting for green card and have excellent credit score/history.
Please share your comments.
ReginaRenting & Real Estate Apartment Loan, Buying Property In India, Excellent Credit Score, Financiers, Green Card, Hello, Home Loan, India Home, Indian Banks, Interest Rate, Lenders, Mortgage, Mortgages, Property In India, Score History2 responses to “US Mortgages for buying property in India?”
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No, they will not because they can not enforce US foreclosure laws in India if you decide to flake.
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Credit Guy December 13th, 2010 at 09:57
US rates don’t apply outside the US. Indian mortgages are not made or paid in US Dollars, and the enforcement regime is of course entirely different.
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Landlord December 10th, 2010 at 12:50