Where can I borrow money for a foreign property?

Refinance
Since you say that you are buying a vacation home, I assume you own your residence. Couldn't you refinance that?

Thanks for the response. No I don't totally own my house. We almost had it paid off. So we refinanced for the down on the Belize house. Probably not a reals smart thing to do. But it has worked out.

The best way to do it is with a bank in the country where you own the property. That way, if the countrys currency depreciates(which it will against the us dollar) then you will end up paying less. I have done this in Brazil and it is great. Let me know how you go. It is a very interesting topic.

Thanks for the thought. In Belize they tie their currency to the US Dollar. 1 US dollar equals 2 Belize dollars, all the time. no change. Interest rates at Belize banks run 12 plus percent. Not such a good deal. Thanks for responding. I can see how that would work in other countries however. Thanks again

Is it a nice house? you get great value in south and central american countries.