Types of French Mortgages for Non-Resident Purchasers by:Lucas Martin
Many kinds of loans are available to the Non-Resident Purchasers in France. Some of them are:
French Fixed Interest Rate Loans
The interest rate is fixed at the starting of the loan for the duration of mortgage period of 5 to 25 years. The positive side is that the borrower knows the amount of monthly expenses he has to bear on his french mortgage. However on the negative side, the interest rates are higher than the variable rate loan which could be obtained in the same market place and it carries a penalty payment of 3% of the capital re-imbursed whether the borrower chooses to pay off his load in all or part before the end of the loan period.
French Capital and Interest Variab...