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Brazil – Property Financing

Mortgages for Foreign Nationals in Brazil

Local banks in Brazil do offer mortgages to foreign nationals. However, the eligibility criteria for foreign nationals may vary from bank to bank, and typically, the interest rate charged is higher for foreigners. Some of the local banks that offer mortgages to foreign nationals include Banco do Brasil, Caixa Econômica Federal, Itau Unibanco, and Bradesco.

Local Lenders in Brazil?

  • Banco do Brasil
  • Caixa Econ√¥mica Federal
  • Itau Unibanco
  • Bradesco

Deposit Requirements for Buying Property in Brazil

The deposit required to buy a property in Brazil varies and depends on the value of the property and the terms of the sale. However, a typical deposit is around 10% of the property value.

Outstanding Debts on the Property in Brazil

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Outstanding Debts in Brazil?

New property owners are responsible for outstanding debts on the property in Brazil. Before purchasing a property, it is important to conduct a thorough search of the property’s history and ensure that all debts and obligations have been cleared by the previous owner. If the property has any outstanding debts, the new owner will be held responsible for paying them.

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