You can take a second mortgage on your primary home in the states for the down payment or if you have enough equity in your home enough to pay for the Aruba home. Useally the rate for a home equity loan in the US is lower than a primary loan in Aruba, a good realtor can assist you.
Well, after a very long wait at Arubabank...for non-residents it's 40% down.
Unfortunately, I don't think we have enough equity to get enough out of a home equity line of credit. At least according to our "mortgage guy" in the states at SunTrust - things have gotten a lot tighter on those loans.
It's hard to come up w/ that much cash for a downpayment! We have the assets and income to qualify...just not the 40%.
Any other suggestions?
Do you know of anyone who does international mortgages from the US. We have a solid 20%.
try lendingtree.com. the will connect you with a lot of banks/private companies etc, also try to get not a equity line of credit but loan of credit.they good for 3,5,7,10 or 15 years but rates sometimes better and less $$ goes to lender