Getting a Loan?

Thinking about getting a loan to finance part of a property purchase in Ecuador? You may want to reconsider that. It is very difficult for someone who is not a Ecuadorean national to get a real estate loan. Even if you are Ecuadorean you will be paying 13% – 17% interest.
The upside is that for little more than you would be paying for a down payment on a home in the United States or Europe, you can buy the entire home in Ecuador. All things are relative.

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