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Old 05-08-2008, 07:55 AM
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jwatlingtoniii is on a distinguished road
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Well I'm a mortgage broker in Florida that does international financing. What I advise my client to do first is if they have equity in there home to take the money out of the equity they have to purchase there vacation home cash. Especially now since interest rates on home equity lines have decreased. Plus all the interest that you pay on your home equity is tax deductible. If you don't have enough equity to purchase a home then you can get financed by a US bank. Of course you will have to put down 30% to purchase the home. There are financing option out there, there are a couple of banks that do international financing, it has gotten more difficult to find these banks, because of the current problems we are having here in the US. One of the banks that I was using went out of business 2 months ago. Well if any of you have any question in regards to international financing feel free to ask.
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