Phuket Thailand – Investment Finance

Property investment in Thailand requires careful financial planning. Below you will gain an understanding of the finance options available to investors wishing to purchase property in Thailand today. Financing your property investment in Thailand could entail injecting your own cash resources or, as most serious investors prefer, a mortgage or equity release scheme. Traditionally foreigners [...]

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Posted June 30, 2009 by ][-NooM-][ under Phuket Loans

Phuket Bank launches mortgages for foreigners

PHUKET : Bangkok Bank has broken ranks with the Thai banking establishment to become the first Thai bank to offer mortgages targeted firmly at foreigners wanting to buy property in Thailand. The mortgages are fairly limited in scope “they can be applied only to condos; the buyer must come up with the first 50% of [...]

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Posted June 30, 2009 by ][-NooM-][ under Phuket Loans

Commercial Mortgage Loan vs SBA Financing

Business owners that are looking for viable commercial mortgage loans should look hard at SBA financing. These loans continue to close and relative to other sources of capital, like conventional bank loans, SBA financing is much healthier. In addition, SBA loans have many advantages over conventional financing, which we discuss below. But first, let me [...]

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Posted June 26, 2009 by ][-NooM-][ under Phuket Loans

Refinancing Your Phuket Property

If you are a homeowner in Phuket who was lucky enough to buy when mortgage rates were low in Phuket, you may have no interest in refinancing your present loan. But perhaps you bought your Phuket home when rates were higher or perhaps you have an adjustable rate loan and would like to obtain different [...]

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Posted June 26, 2009 by ][-NooM-][ under Phuket Loans

Phuket Mortgage Payments

Your budget should also include a reserve for making your mortgage payments to the bank in Phuket in the event of illness or loss of income in the future. While over-obligating yourself or unexpected repair bills may jeopardize your ability to keep up your payments for your house in Phuket, the primary causes of foreclosure [...]

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Posted June 25, 2009 by ][-NooM-][ under Phuket Loans

Phuket Foreclosure Loan

No bank in Phuket wants to foreclose on a mortgage. Foreclosure costs the banks in Phuket more money than they can make back from the foreclosure sale. Therefore, lenders in Phuket do not foreclose in order to make money, but only reluctantly as a way of limiting losses on a defaulted loan on a property [...]

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Posted June 25, 2009 by ][-NooM-][ under Phuket Loans

Phuket Expat & Mortgage Guide

Expat and Mortgage Guide to Phuket As an expatriate to Phuket the most confusing thing that you can face is buying a home in Phuket. It maybe both interesting as well as frustrating. Buying a home over here in Phuket can put a lot of stress on a person even if the person is well [...]

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Posted June 25, 2009 by ][-NooM-][ under Phuket Loans