Three Options For Financing The Plan For Your Retirement Overseas
Nov. 25, 2011, Baltimore, Maryland: It’s not possible to borrow locally for the purchase of real estate in Central America beyond Panama. Here, though, are three opportunities to arrange seller financing in three of the world’s top overseas and retirement havens.
Dear Live and Invest Overseas Reader,
Financing the purchase of real estate in Latin America is difficult if not outright impossible for foreign non-resident buyers. The exception is Panama, where financing is available on reasonable terms, and it's possible, even as a foreign buyer, to arrange a mortgage through a local bank. It's not quite the same as in the States (it's not possible to borrow with a fixed rate of interest, for example), but it's straightforward and common.
Beyond Panama, you have to rely on seller or developer financing.