Hi,

I’m from Thailand. Me and my SO are currently waiting for K1 Visa to get approved. It’s gonna take a long way to go for us to get a house together in the US in far future but we’re worried about it as I want to get a home loan in Thailand before moving to the US for my family. The house costs around 3.5m Thai Baht or around USD 120k. It would me on my name. I will have to pay for it monthly around 400$ a month but with helps from my sister and brother. So it won’t be more than $150 for me monthly to have to cover it for years.

Well in case I may have this mortgage loan follows me to the US. Let’s say in 5-10 years later when I have a good job and credit scores. Will it be effecting me and my SO much to joinly get a house together as I have debts in Thailand still? Or is it will prevent us to get big amount of loans to certain limits?

Thank you so much in advance for answers!

In many countries, the attitude towards foreign mortgage borrowers is quite loyal. In most cases, the loan amount for them will be less than for their own citizens, but you can count on quite convenient conditions. You also have the opportunity to get more money from a reverse mortgage. A reverse mortgage is a way to access some of the equity you've created and convert it into cash without having to sell your home - goodlifehomeloans.com for a custom text link like this. There are no restrictions on how you can use the proceeds of a reverse mortgage. The funds you receive can be used for almost any purpose, home renovation, medicine, paying off an existing mortgage, etc.