Any Moobans Offering Financing?

[kdc1899]

I have seen MooBans in Thailand that I (my wife) can put down 200,000 baht (or so) and pay like 20 or 30,000 baht per month till the house is paid off (5 years or so).

Anything like that available within 30 minutes drive of Hua Hin (or in Hua Hin) ??

Thanks

[jingjoe8]

every finance deal i have seen seems to be 50 percent down,unless the property is well over the 10mill mark,200000 down and pay in full over 5 or 6 years would only be 1600000bht before interest,not too many places in that bracket.I wish there were i would be interested as well

[johnnyk]

Most developers other than the big companies tend to have buyers pay in 5 instalments. 20% down, 20% at various stages of completion. That way they are not on the hook to banks (not to mention that many are dodgy and may have no borrowing power). It can be something of a Ponzi scheme.