HOW TO FINANCE YOUR PURCHASE
When purchasing in a foreign country financing your purchase can be a major problem. There are many fiscal reasons why you may not wish to liquidate all of your assets to purchase. For example if your money is tied up in a fund there may be notice periods.
The market may have dipped in your country of residence and therefore you may not wish to sell at the bottom of the market.
SAFE HAVEN REAL ESTATE has teamed up with a mortgage provider to provide mortgages to its overseas clients wishing to purchase a house listed with Safe Haven or looking for additional finance to undertake a Development in Dominica in respect of land listed with Safe Haven.
The interest rate will be between 8.5%- 9%.
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MORTGAGE CRITERIA
The critical criteria used by the lender will include :-
- Valuation of Property - Loan - Value ratio: 90%
- Income - Gross debt servicing ratio: up to 40%
- Other features - Fire Peril Insurance on Property and Life Insurance on Borrower
- Credit Rating 570 and above
All mortgages are discretionary.
For more information contact us.
