A
Alexorlando
New Member
Does anyone have any insight into holding a mortgage on property in Brasil? I was in the process of selling an apartment in sao Paulo just as the Brasilian Real took a huge dive. That started to get me thinking that it might make more sense to finance the sale by holding the note on the property and charging interest on monthly payments.
I'm looking for general info. on the amount of down payment I can expect to ask for such a mortgage, interest rates I can expect to charge etc. Noticing that the current bank rate is 13% I would expect the interest on a mortgage would be pretty high in this market. Seems like a good long term return on the investment although not sure as far as potential pitfalls in the Brasilian system.
Any information would be greatly appreciated!
I'm looking for general info. on the amount of down payment I can expect to ask for such a mortgage, interest rates I can expect to charge etc. Noticing that the current bank rate is 13% I would expect the interest on a mortgage would be pretty high in this market. Seems like a good long term return on the investment although not sure as far as potential pitfalls in the Brasilian system.
Any information would be greatly appreciated!