Mortgage In Romania : Eastern European Property Investment : Romania Report : Off Plan Iasi

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Hot investment opportunities in off-plan projects

Planorama Luxury Apartments

What if you could buy in a top of the line apartment building complex in Romania's capitol city at less then last year's prices. Being built by an established developer as his premiere project on the Romanian market, Planorama offers exactly that opportunity. This is the deal not to be missed for all looking for the piece in Romania's lucrative capitol city market. Buy in a state of the art complex at below-market prices and practically ensure a substantial profit! This could be our best offer yet.

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Mountain Garden: Villas Development in Brasov

Romania Report concurs, this is the opportunity any holiday home seeker or Brasov/ski resort investor should be focusing on. The quality of construction and cost per square meter on this project are superlative. Other projects in the Brasov area of similar standards are approximately double in price. Prices will increase after the New Year -- so act fast and secure your holiday home investment at the best price you will ever find in Romania!!

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Mortgages in Romania for foreign citizens ....
Low interest rates

Until very recently, foreign (non-Romanian) citizens were virtually prohibited from investing in Romania, including purchasing a second home, with the help of a mortgage. This lack of ability to leverage investment funds has proved to be a major deterrent to many foreign investors.

Romania Report can now provide qualified foreign investors and relocaters the opportunity to pay as little as 25% down with very favorable interest rate terms on mortgages up to 40 years in duration.

Romanian property mortgages are available to most foreign citizens with conditions similar to those in there home country. Certain off-plan/pre-construction developments are qualified for mortgages. Mortgages are issued by a Western European bank.

Please find below the general Romanian property investments requirements:

1. Minimum duration of mortgage 5 years, maximum 30 years

2. Evidence of deposit required on all cases

3. Application fee payable on submission of the Romanian Property Mortgage Application

4. Copy of the sales preliminary purchase agreement required

5. Minimum age 21; maximum age at maturity of loan – 75

6. Competitive interest rate averaging 7.5% per annum calculated according to formula found under "Conditions of Credit."

7. In most cases principal bank account may be held in country of residence while collateral will be Romanian property.

8. Minimum length of employment for employed applicants – 3 months on a permanent basis, for self-employed – 3 years trading

9. Last 12 months proof of residential mortgage payments (rental payments for tenants)

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