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Posted by MDGParis on 21-Jan-2008 :: Views: 1800 :: Posting ID: 26214

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*Paris Apartments and Financing: Beats the USD to Euro Conversion!*

Greetings:

Apartment for Sale: Are you looking on Franglo for property?

Are you in the process of purchasing a property overseas and looking for financing?

We are pleased to introduce that one of our banking partners has just approved a mortgage product that avoids the currency conversion issue (transferring funds) for persons thinking of using USD for their down payments.

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France real estate transactions: USD down payments are held in an adjoining Market Fund (where you choose portfolio profile, i.e. low, medium, high risk/return ratios), whereby the deposit must effectively always equal the 20% down payment required by the loan percentage. The Mortgage can either be: interest only in Euro, or interest and principal in Euro, depending on the applicant profile and property loan value.

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What this means: Simply: You don’t need to convert to Euro using your USD (current conversion rate: 1.47), but can option to do this at some later time, or not at all for the length of the loan. Up to 25 years, and fixed or variable loans are available. Interest rates are in the 5% neighborhood depending again on your situation. It makes purchasing real estate in France a pleasure again. And let’s not forget, in Paris, for example, appreciation rates per year are between 10-15%!

How can you lose?

The dream of owning in France...just became a reality again.

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Looking for property in France or already have your sights set on something?

Please contact us for further information and details:

M D G – F R A N C E
Acquisition – Financing – Management
http://www.mdg-france.com
+33 (0)6 21 21 13 55

• Contact: Philip Gordon
• Tel: +33 (0)6 21 21 13 55
• Price: 500000
• Currency: EUR
• Term: Purchase/Sale
• Rooms: Not specified.
• Surface area: Not specified.
• Features:
  - Furnished
  - Equipped
  - Near Metro
  - Quiet
  - Sunny
  - Elevator
  - Hardwood Floors
  - Fireplace
  - Bathtub
  - American Kitchen
  - Terrace
  - Garden
  - Digicode
  - Interphone
  - Parking
  
• City: paris
• Address: 54 rue de Seine
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• Closest métro: Saint-Germain-des-Prés
• Métro line: Not specified.
• Arrondissement: 6ème
• Post code: 75006
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