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  1. #1
    Join Date
    Feb 2004
    Posts
    1,226

    loan fees on USA?

    hi

    can any one tell me if it's true that loan fees on USA to buy buildings (since they are used as guarantee) costs as low as 7 or 8% per year?
    if it's true, buildings may be a really good investiments on USA...
    here in Brazil the fees are around 14% per year

  2. #2
    Join Date
    Jul 2003
    Location
    Satyr, Chrisalya, Canada
    Posts
    1,901
    Mortgage Prime rate in Canada right now is
    4.750%
    Effective Date OCT 19, 2005
    --

  3. #3
    Join Date
    Nov 2001
    Location
    The South
    Posts
    5,403
    My truck is 3.9% my wife's Yukon we just bought is 5.5% my house is 6.125% so it's not hard to get your hands on a good loan rate.
    Gary Harris - the artist formerly known as Dixiesys
    resident grumpy redneck

  4. #4
    Join Date
    Aug 2001
    Location
    Matrix
    Posts
    2,469
    house loan rates here in india are about 8% floating and 8.75% fixed.

    Car loan rates are about 9% but you get about 4.5% in discount when you take car loan so it makes it about 5% after discount and all.
    CPHosting - Web Hosting Experts Since 1998.
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  5. #5
    Join Date
    Feb 2004
    Posts
    1,226
    doesn't it lead to distortions?

    for example, someone has a building rented with $20,000 profit per year
    then you can offer like $200,000 for it, loan it at $12,250 per year and make a big profit here?

    you could pay worth even around $300,000 and have some profit

  6. #6
    Join Date
    Jan 2004
    Posts
    1,183
    I mayble wrong but almost every bank in the USA only work's with (greencarded) customers.

    I don't see how you would get a loan in the usa with douth a office and for that you have to have some spec's and a certain profit per year.

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