- Vlog 48-This SMALL TOWN in Matagalpa has BEAUTIFUL HOUSES!Posted 2 months ago
- Vlog 47-Driving TOUR in the North City of Nicaragua “ESTELI”Posted 2 months ago
- Vlog 46- Leon during Holy Week A GREAT TIME TO VISIT!Posted 2 months ago
- Vlog 45- Moving to Nicaragua – How to Relocate SuccessfullyPosted 3 months ago
- Vlog 44-Fireworks in Leon NicaraguaPosted 3 months ago
- Vlog 43- Is it true Why No Rental Properties in Poneloya & Las Penitas NicaraguaPosted 3 months ago
- Vlog 42-This is the TRAFFIC at NIGHT in Esteli, Nicaragua.Posted 4 months ago
- Vlog 41- Cultural SHOCK in Reverse Trip to the USA from NicaraguaPosted 4 months ago
- Vlog 40-Is U.S Real Estate Market impacting Nicaragua?Posted 4 months ago
- Vlog 38- Why choosing an expensive area in Nicaragua can be a mistakePosted 4 months ago
Vlog 9 – How to Purchase and Finance a home Nicaragua
In this new Vlog 9 we will discuss How buyers can Purchase and Finance a home in Nicaragua.
We will discuss local Nicaraguan bank finance, possible equity loans from your US bank and finally, owner carry.
Bank financing in Nicaragua is expansive its approx 10% variable interest rate with annual reset and related expenses from insurance requirements as well as a property appraisal. That in our opinion is very expensive and most consumers from the US, Canada, and Europe will not purchase a home under these conditions.
The other item we discuss is if you own a home in US for example you may be able to get a second mortgage, we will discuss how to do that process and get an approved loan.
And finally, we will discuss how to potentially get an owner carry.
So if you are interested in this financing topic please watch Vlog 9 below.