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Mortgages for Foreigners: A jungle

The world 's bank debt and especially that of the mortgages has become a place of confrontation of the actors prince bank.

The reason for such interest is simple, it is a market that offers a high return on average compared to a relatively low risk.

This of course is true until you are in a situation like the present one where the risk of explosion of a "housing bubble" that is nothing more than the decline in property values, banks may be exposed to higher amounts the mortgaged property.

However

the propensity of people to sign loans is still quite high and among them the foreign report.

Mortgages for foreigners are an interesting test case for our entire economy. Regardless of opinions, "social" on immigration, foreigners in our country are increasingly a reality strong and growing.

Enterprises opened by immigrants from both intra-and extra EU mainly increasing every day with them and their readiness for investment.

These are people who do not intend to return to their country, but to build their future here in Italy and want to buy this house.

However, the alien has a greater risk that, as we learned in the post on risk, leads to an increase of the interest rates charged on loans to foreign home.

What to do?

Again the Internet can come in handy because, although there is greater risk associated with, at this time, the granting of a loan to foreigners, it is also true that the same is clearly overestimated by many operators who see Banking this small niche, like the new "Eldorado", full of people and charlatans.

The board, as usual, remains the same. There are differences between the various actors and I recommend to look carefully even online alternatives.

A 0.5% difference in the rate charged on a mortgage of 200,000 €, can make much difference, both in the installment due in respect of the total return at the end of life.

For simplicity, I tell you that in one year, a 0.5%, ie € 1,000 interest-only savings.

If you really want them to waste ... you can always give them to a charity rather than to a bank.

Good thinking.