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Old 26-07-2012, 10:34 PM
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shysaint shysaint is offline
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Re: Understanding Vietnamese Life Partner

Quote:
Originally Posted by EmCee View Post
Yes, it's around the Go Vap area.
Very Congeested Place.

Quote:
Originally Posted by EmCee View Post
I see, I see. I did do a bit of research and yes, they seem to require a lot of documents. I suppose that reasonable for the number of people there and the high possibility of defaulting. I can still handle the sum but if I'm aiming for a bigger property might want to consider loan as to not lock up all my cash. However it seems that a loan in VN is out of the question at the moment.
Another problem with Loan is that next time if u wanna sell ... U might not be able to get back the principle sum + the interest you paid for the loan ...

If next time u in need of $$ .. after u sell the house , you might need to get some $$$ to clear the loan.

If can .. paid off all is the best .. thats why last time they rather trade with Gold Bars then taking loan... WOrse they rather borrow from Ah Long .. still can slowly pay ..
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