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Brazil loans / mortgages on US SS

VIP-Member

Do banks loan expats on US SS disability in brazil?

How much could I get on SS?

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Banking in BrazilWise Account BlockedQuestion about money transfer using WiseTips/timeline for getting a Brazilian credit cardWise Multi-Currency Debit Card
abthree

03/12/23 Do banks loan expats on US SS disability in brazil?
How much could I get on SS?
-@VIP-Member


Welcome!  Home financing in Brazil is an extremely complicated topic, without nearly as many supports and incentives as exist in the United States.  Bank loans are difficult to obtain, interest rates are high, and terms are short.  Most home financing takes place through alternate channels rather than through the Brazilian equivalent of mortgages.  Unless you already have a lot of experience in Brazil and speak good Portuguese, you'll want to rent for a while, get settled, and feel confident about understanding how the financial system and the housing market in your target area work before looking for any serious indebtedness.

VIP-Member

Thanks, good information.

Have you heard of some people ever rent-to-own? Or consider monthly payments toward the purchase of a home?

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abthree

03/12/23 Have you heard of some people ever rent-to-own? Or consider monthly payments toward the purchase of a home?
-@VIP-Member


I've never heard of that before.  I suppose that it wouldn't be impossible, but inflation would probably make it unattractive to a seller.


We have a member who's a real estate professional.  Check back during the week to see whether he's responded in this thread.