Monthly Archives: January 2014

Using expat forums to help with expat mortgages.

One way to learn about a country and its peculiar mortgage problems would be to go to an expat forum. A person should go to one of the expat forums on the Internet and talk to expats all over the world. Some of these expats would know what it is like to live in that country and what rules they have for a foreigner to buy a house or to have a mortgage in that country. They would know what particular bank has the best mortgage rates in that country.

An expat forum would be a good place to get information about a country and there are some expat forums that a person should try. Thailand has two expat forums that you could try for example. One expat forum is on the website called ajarn.com.  Ajarn is Thai for teacher and it is actually meant for expats who want to teach in Thailand. It does have a forum section and a person can be sure that he or she will find a teacher who has been able to afford a house and had to deal with the problem of having a mortgage in Thailand. The other expat forum in Thailand is on the website called thaivisa.com. This website was obviously meant to deal with the immigration problems that a foreigner faces in Thailand. It does have good news and classifieds sections. It does have a forum section where a person can talk to a variety of Thai expats about the problems that they are having in Thailand. Some of these expats will know about what is like to get a mortgage in Thailand as well as buying a house.

Internatons.org is a truly international website. It has members that are in almost every city on the planet. The purpose of this website is to serve the expats in those cities and try to get them to form a community on the Internet. The website also tries to get the expats in those cities also to meet at least a month in various locations in those cities. The website has an expat forum for the expats in each of those cities to get in touch each other through the Internet. A person could type in expatforum.com and there is indeed a website with that name. One goal of this website is to get the most expat members on the Internet. With 175,000 members, it seems well on its way to achieving that goal with about 175,000 members. Some of these members will have have answers to mortgage problems in the country that a person would be interested in living in.

Becoming an expat in Spain – Some facts you need to consider

Although Spain is a wonderful country with many tourist attraction facilities, there are several factors that one needs to consider before deciding to become an expat in this country.

Spain has more than 90% of its population speaking native Spanish languages. Regarding the weather it has warm and dry summers and very cold winters. It is a multi-religious society with most major religions well represented. Currently there are close to 5.8 million foreign residents in the country, and the immigration rate is still very high. Spain has the second highest immigration rate in the world.

Whether you want to move to Spain for work, leisure or to become a citizen, you first need to obtain several documents. Residency visas are needed in order to work, reside, invest or find a home in the country. Most expats moving to Spain usually reside in cities such as Madrid, Barcelona, Costa Brava and Granada. A large population of Spanish people own cars and hence personal vehicles are the most preferred mode of transport. The Spanish government is now investing in electric cars to save on fuel consumption. Buses are mainly used for intra-city and inter-city movements. Railway transport and airport transport are also well advanced in Spain with several high speed rails and 47 public transport airports. There six major highways connecting the Spanish cities which form a centralized road transport system.

Investment in mortgages from Spain is easy for both expats and citizens if they have a good financial channel. Spanish banks offer mortgages for real estate investment and are therefore a good investment haven for everyone. You can purchase holiday apartments, new homes with your Spanish mortgage, whatever you like. The interest rates normally vary from bank to bank but they are generally low due to fierce competition between several banks. Comparing several bank rates before choosing one will help you get the best financier. They only require proof that you can pay them within good time. Self-employed people are usually requested for their last three year accounts while employed people are requested for their 6-months bank statements. If you have been renting a house, some banks will require statements that prove your ability to pay.

Those who are not legal Spain residents are usually asked to produce an oval, an agreement with a Spanish resident who can pay for you in case you default. The property prices by most banks are about 60 to 80 per cent depending on your residence status, over a period of 5, 10 or 20 years.