How do you finance your coastal properties in Ecuador?

1. If you can get it, loans in the US and Spain have much lower interest rates than the ones in Ecuador. You could get a personal loan from most U.S. banks quite quickly for around $10,000 for lower interest rates than the mortgages in Ecuador.

2. If in Ecuador, ask your real estate agent to help you get the loan, sometimes they have connections in the banks that can help you.

3. Be prepared to pay a 30% down payment in Ecuador for real estate purchases and interest rates are starting currently around 12%.

 

For more real estate info on Ecuador, contact dom@emarketingamerica.com