Posted on: 04th Jun, 2011 10:27 am
Hi,
I am an American citizen, and I want to buy for my mom a property in Moscow, who is a Russian citizen. If she borrows the money there, she will be charged a ridiculous annual interest rate, therefore I want to borrow money here, US, so we can make a purchase. Please advice, what is the best way to obtain loan with less interest rate possible.
Thank in advance,
Lena
I am an American citizen, and I want to buy for my mom a property in Moscow, who is a Russian citizen. If she borrows the money there, she will be charged a ridiculous annual interest rate, therefore I want to borrow money here, US, so we can make a purchase. Please advice, what is the best way to obtain loan with less interest rate possible.
Thank in advance,
Lena
Hi Guest!
Welcome to forums!
You will get a mortgage at low interest rate only if you have a good credit score and income. Apart from this, you should also have the required debt to income ratio. Moreover, as you will be purchasing the property in a different country, it will remain the lender's discretion whether or not he will give you a mortgage.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You will get a mortgage at low interest rate only if you have a good credit score and income. Apart from this, you should also have the required debt to income ratio. Moreover, as you will be purchasing the property in a different country, it will remain the lender's discretion whether or not he will give you a mortgage.
Feel free to ask if you've further queries.
Sussane