A mortgage loan? Cash payment? Both?
Leydi Mora
Leydi Mora
The payment method to use for the purchase of a property will depend on the amount of money you have available to invest, as well as your credit reputation. The budget you have will help you choose the area, the type of land and the dimensions of your new property.
There are mainly two methods of payment:
If your option is to buy using the cash method, then you know what budget you have. However, even with the money, it is always good to consider financing, which could help you buy a more valuable property.
However, if you do not reside in the United States and want to buy a property here, there is the possibility of applying for a mortgage loan, with an initial payment that usually ranges between 25% and 50% of the total price of the property, and an average interest rate of between 5% and 7% for a 30-year term.
For people who are residents or are American citizens, these numbers change abruptly because they could buy a property only by providing an initial amount of approximately 9% and in many cases closing costs are included.
Once you are clear on the payment method you want to use, cash or loan or even cash and loan, then we can talk about the budget. This will allow you to determine the zones and types of properties to which you could have access.
Leydi Mora is a dedicated and professional real estate agent with expertise as an International Property Specialist. She is committed to delivering exceptional service to her clients, both locally and globally. With a deep understanding of the local market and a passion for helping individuals and families find their ideal homes, Leydi brings both expertise and a personal touch to every transaction. Her strong negotiation skills, attention to detail, and clear communication ensure a smooth and successful experience for both buyers and sellers. Whether assisting first-time homebuyers, seasoned investors, or international clients, Leydi’s comprehensive knowledge of global real estate trends and markets allows her to navigate complex international transactions with ease. She strives to exceed expectations, making every real estate journey a rewarding and seamless experience.
If you want to know more about her, CLICK HERE
Where should you buy?
It is important to know where to buy, the area and its benefits. However, to select the right location it is necessary to know the budget we have. As a Real Estate Agent, I can assist you in every step of the way during the selection of the area.
Steps in the process of buying a property
In the modern era, the process of purchasing a resale property has evolved, but certain key steps remain fundamental. Here's a brief and simplified version to help you better understand the path to your new home.
What are the Key Considerations for Pre-Construction Property Contracts?
Embarking on the purchase of a property in pre-construction, also known as new developments, requires a thorough understanding of this unique process. Here are some key points to give you a clearer understanding.
