Thread: Getting a Thai Mortgage for my Thai Wife?

Originally Posted by buriramboy

Originally Posted by 9999

Originally Posted by Marmite the Dog

What makes that possible? I presume the mortgage is against the value of a chanote held by the outlaws?

Exactly. We couldn't show legit income at the time, so had to go this route.

Are Thai banks happy then if you have no legit income in Thailand to give a mortgage solely against the value of another chanote????

Thai banks seem much happier knowing lending against land than lending to someone who has a decent income and can repay it easily.

possibly an extraordinary high interest rate for the money above the securities?

most likely the extra money isnt a mortgage, but some other loan???

Originally Posted by Marmite the Dog

Originally Posted by buriramboy

Originally Posted by 9999

Originally Posted by Marmite the Dog

What makes that possible? I presume the mortgage is against the value of a chanote held by the outlaws?

Exactly. We couldn't show legit income at the time, so had to go this route.

Are Thai banks happy then if you have no legit income in Thailand to give a mortgage solely against the value of another chanote????

Thai banks seem much happier knowing lending against land than lending to someone who has a decent income and can repay it easily.

Interesting, but i fear i may have foked up here then as i seem to remember (from what little interest i took at the time) then when i had the land transferred into my daughters name, the woman in the office was questioning the wife as to why were putting the land in daughetrs name and not hers as meant you wouldn't be able to sell it or borrow money against it until daughter was 20, think my daughter was only about 2 or 3 at the time.

^ Yes, you fucked up regarding getting a loan against the land.

I think it'll be easier to get a loan rather than a mortgage for, say, 1m Baht. It's not like you'd spend 20 years paying it back anyway. I'm sure a 4 or 5 year repayment plan would at whatever the loan rate is, would work out cheaper than 20 years at the mortgage rate, and they wouldn't need such high security for it, if car loans are anything to go by. Of course, some will say "but the car is the security", but the same can be said of whatever you're borrowing the 1m Baht for.