hey how do mortgages work in Thailand?
the rate? how it is compounded and most importantly, can you pay off a mortgage early? and if you do, i think you still on hook for the whole interest?
thanks
hey how do mortgages work in Thailand?
the rate? how it is compounded and most importantly, can you pay off a mortgage early? and if you do, i think you still on hook for the whole interest?
thanks
Mortgage Bonds in Thailand for Foreigners | Villa : Condo in Thailand
I've never borrowed money to buy assets in Thailand so have no first had experience ... but above a useful outline.
Its My Life .....!
Our loan was with LH Bank (Land and House).
No problem paying it off early. No penalty payments etc.
Interest rates were on a par with Oz
LAND AND HOUSES RETAIL BANK PUBLIC CO LTD
You need to look at every one as an individual issue as there seems huge variation.. Lots of the projects have developer finance.. Lots of high end villa type ones can be with specialist finance over high street banks.
The seem cheap rates.. But I have never dug too deep.
I assumed that I just meant to say the mortgage market seems quite diverse and I would not assume any rules are 'normal' and each offer has to be vetted fully on its own merits.