Hello,
Can anyone give me some advices...I am looking for French financing.
Thanks.
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Intenting on obtaining French financing: looking for advices
2 posts • Page 1 of 1
Intenting on obtaining French financing: looking for advices
by AliMason on Fri 21 Nov 2008 23:08
- AliMason
- Posts: 6
- Joined: Wed 19 Nov 2008 00:04
Re: Intenting on obtaining French financing: looking for advices
by Vinson on Fri 21 Nov 2008 23:11
Hi,
- In France, a loan guaranteed by a mortgage gives a lender permission to sell your property at public auction in the event you fail to repay the loan in accordance with its terms.
- It is more difficult to obtain a mortgage from a French lender if you are not a resident. Be prepared to provide detailed financial documentation.
- Be patient and have a good translator who is experienced with French lending. (Some banks offer bi-lingual services.)
- The loan terms often range anywhere from 5 to 20 years, but generally will not extend beyond the time you turn 70.
More advices on obtaining French financing
- In France, a loan guaranteed by a mortgage gives a lender permission to sell your property at public auction in the event you fail to repay the loan in accordance with its terms.
- It is more difficult to obtain a mortgage from a French lender if you are not a resident. Be prepared to provide detailed financial documentation.
- Be patient and have a good translator who is experienced with French lending. (Some banks offer bi-lingual services.)
- The loan terms often range anywhere from 5 to 20 years, but generally will not extend beyond the time you turn 70.
More advices on obtaining French financing
- Vinson
- Posts: 7
- Joined: Fri 21 Nov 2008 22:10
2 posts • Page 1 of 1
