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Dual-Passport º£½ÇÂÒÂ×s Can Qualify For 25-Year Fixed Mortgages

cccmedia

º£½ÇÂÒÂ×s who obtain Ecuadorian citizenship are being offered 4.8 percent mortgages by Mutualista Pichincha (and other banking institutions) to buy a home in Ecuador.

Mutualista Pichincha says its Crédito VIP program will loan up to $70,000 or more to an º£½ÇÂÒÂ× with Ecuadorian passport who meets its minimum/maximumincome requirements for the 25-year fixed-rate mortgages. 

A $4-5,000 down payment may be necessary.  Bank and personal references may be required. 

The loans are available to native-born Ecuadorians as well as naturalized º£½ÇÂÒÂ×s.

Mutualista says the loans are possible because they are government-subsidized.

Source... Search YouTube.com:
    mr. second passport 4.8 percent mortgage

See also

Opening a bank account in EcuadorAdvertising Agencies in EcuadorEvents Management agencies in EcuadorFixed Deposit Interest RatesWhere to find COSEDE Coverage Amount and Risk RatingsBank loans in EcuadorDouble Taxation Inquiry
azormes

Please provide companies, firms or individuals who specialize in these details.
Respectfully
Lana

cccmedia

cccmedia wrote:

Mutualista Pichincha says its Crédito VIP program will loan up to $70,000 or more to an º£½ÇÂÒÂ× with Ecuadorian passport who meets its minimum/maximumincome requirements for the 25-year fixed-rate mortgages....

Mutualista says the loans are possible because they are government-subsidized.

Source... Search YouTube.com:
    mr. second passport 4.8 percent mortgage


Banco Pichincha, which is a different class of banco, was also mentioned in the report.

cccmedia

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antialiased

From other information I found online, this looks like a first-time homebuyer program. (info about the program from Mutualista Azuay )

I got all excited because with cd rates of 8.5-9%, that would mean you would essentially be getting paid to buy a home ($50k @5% for 25years = $87,689 (P+I) but $50k in a CD for 25 years @ 8.5% is over $100k in simple interest alone).

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