Correspondent Wendy Justice writes this morning:
“Kathleen, I read your Overseas Opportunity Letter today, ‘Borrowing to Buy Overseas…What You Need to Know,’ in which you state:
“‘Straight up, you aren’t going to be able to borrow to buy real estate in Asia as a foreigner.’
“However, a foreigner residing in Malaysia either on an employment visa or the MM2H visa can certainly borrow to buy real estate! Many banks offer attractive mortgage rates that are available to foreigners, and required down payments are very low.
“I’ll be submitting an article shortly on the benefits of the MM2H visa and will be sure to include information about borrowing from banks to purchase real estate…”