Mortgages In Brazil - Page 3

RalphJ · #21 20-12-2007, 03:59 PM

Quote:

Originally Posted by JMBroad

That surprised me a bit. Thought I had read somewhere that the EEC is now Brazil's largest trade partner. Also remember financial analysts being optmistic about Brazil's economic growth for 2008 as it had "distanced itself from the dollar dependency" but I could be wrong.

Even if I'm right, the US is still a very significant trade partner.

The EEC? Is that a country?

robh · #22 20-12-2007, 04:25 PM

Quote:

Originally Posted by RalphJ

That's great that you used to be a consultant in the financial sector Rob but does that mean you know what is going to happen in world economies?? Sorry, but I think not. As I stated, not even the ministro de secretaria de fazenda, Guido Mantega, knows what will transpire in the financial industry in Brazil over the next 3-5 years...and if anyone is in a position to know, it certainly would be him. Will interest rates rise, or fall, by how much? Will the real strengthen or weaken? The dollar? The euro? By how much? Will banks begin to give more reasonable lines of credit and more creative ways to finance?

Those are all questions that no human on this planet can answer with any certainty in respect to the next 3-5 years at this moment, not in the U.S., not the U.K, and sure as hell not in a country like Brazil which has an economy much more unstable as those mentioned.

It does us no good to speculate about what will transpire in the next 3 years, because that's all it is, speculation. And if everything that has been rumored to have happened actually did here in Brazil since I moved here, we'd have 5% apr interest for 30 year mortgages, good infrastructure all throuhgout the country, 95% of the population would be receiving a quality education, and the death rate would be around 12-14 per 100K. Unfortunately, it just ain't the case.

I don't think I talking about the economy I was talking about what at least a few of the major banks are planning.

JMBroad · #23 20-12-2007, 04:26 PM

Quote:

Originally Posted by RalphJ

The EEC? Is that a country?

Haha no, but it is considered a "trading partner"

GUAPITO · #24 12-03-2008, 06:45 PM

Hi there,

I don't get why the offiicial position of "all" Brazilian bank here is to refuse you opening of a personal account without you presenting them your "plastic" RNE

First, If I'm a foreigner willing to deal in some illegal markets in Brasil, having a "final RNE" won't stop me from leaving through the closest borderline the day I want to emptying my Bank account before...

Second, does the fact of having a legal Brasilian ID stops Brazilians escrow from robing ???
Did that ever work in any country in the world ?

Third, how come the same Bank who accepted your Money as a Foreign investor won't give you credit to have your personal own Bank account opened with them ?
There are ways not to let people feel like a milk-cow !

...Finaly, talking about RNE, things DID Change, just look at my business partner (married to a Brazilian) he applied for the RNE and recetly received it ! (after 8 yrs waitting)
... now everyone is expecting delays of "only" 2 years !

Someone at the P.F. told me that the RNE machine in Brasilia was broken and that's why everything delayed so much...

One would think, why don't they ask to the same guys who make our Brazilian CPF cards ?
Those are delivered to your door in just 60 days !

In a great country able to make Cars and Planes, noones knows how to fix a plastic card machines ? come on...

Abraços, from the Land of Social Equality !

michaelbush · #25 12-03-2008, 11:42 PM

I do not know what bank you are trying to open an account with. However I am in Natal, got my residents visa more than a year ago- opened the bank account with a paper certidão from the Policia Federal. A year later with no card, I had to go there again as the certidão was only valid for 180 days and had run out. They kindly gave me a previsoria paper identity card, which I will have to plastify if I will have to wait another year for the official card!
But I do agree - I am told it is the banks policy not the law that prevents people opening private accounts. There must be security checks they can do to ensure the money arriving is legal. Even now, with any transfer I have to prove it is tax paid etc!

RalphJ · #26 12-03-2008, 11:52 PM

Quote:

Originally Posted by GUAPITO

Hi there,

I don't get why the offiicial position of "all" Brazilian bank here is to refuse you opening of a personal account without you presenting them your "plastic" RNE

First, If I'm a foreigner willing to deal in some illegal markets in Brasil, having a "final RNE" won't stop me from leaving through the closest borderline the day I want to emptying my Bank account before...

Second, does the fact of having a legal Brasilian ID stops Brazilians escrow from robing ???
Did that ever work in any country in the world ?

Third, how come the same Bank who accepted your Money as a Foreign investor won't give you credit to have your personal own Bank account opened with them ?
There are ways not to let people feel like a milk-cow !

...Finaly, talking about RNE, things DID Change, just look at my business partner (married to a Brazilian) he applied for the RNE and recetly received it ! (after 8 yrs waitting)
... now everyone is expecting delays of "only" 2 years !

Someone at the P.F. told me that the RNE machine in Brasilia was broken and that's why everything delayed so much...

One would think, why don't they ask to the same guys who make our Brazilian CPF cards ?
Those are delivered to your door in just 60 days !

In a great country able to make Cars and Planes, noones knows how to fix a plastic card machines ? come on...

Abraços, from the Land of Social Equality !

LOL....you're right! The machine that makes RNE cards was broken!! One of my best friends, a portuguese investor, was told the exact same thing! He just recieved his RNE card, permanent visa, after 22 months of waiting. I've NEVER heard of anything like eight years! It normally is around two. I received mine in 18 months but only because my ex, who works for the federal gov't, went to Brasilia and checked up on it.

The problem with bank accounts for foreigners is one of money laundering. Today banco central makes ALL banks that open "C5" accounts adhere to very strict reporting methods for every single transaction from one of these types of accounts. Instead of doing that, they prefer not to open them at all. Matter of fact, two years ago, when banco central changed these reporting requirements, many banks that had these types of accounts closed them!

Dotty · #27 02-04-2008, 12:13 PM

6% and all the taxes which will amount to about 23%.What planet are you on plus one late payment and phenominal juros too!

Quote:

Originally Posted by michaelbush

THese have been very difficult times for sales in Brasil, due to the lack of a mortgage market. Constructor deals have normally been for Brasilians only. I have been in negotiations with a Brasilian bank here in Natal, and have a solution for our clients wishing to finance their purchase. It is being fine tuned at the moment. Not the most attractive deal, but it can be done for around a 5 year period on a 70% loan to value maximum advance. Interest rate will work out to be around 6%. I will try to answer queries by Private Message only.

Dotty · #28 02-04-2008, 12:16 PM

I doubt it very much.What planet are you on another non experienced person,without being rude.

Quote:

Originally Posted by michaelbush

Rob, was not able to get hold of the bank manager today, and I am returning to the UK for Christmas tomorrow! At present the model looks like an interest rate of 8.5-9% apr.