Question 1

CAN FOREIGNERS GET FINANCING?

Accepted Answer

Yes. HOTELA’s Direct Loan program is unique. Since HOTELA does not depend on bank approval to provide loans to our customers, that means complete discretion as to who we approve. HOTELA provides loans to locals as well as foreigners that are qualified buyers and meet HOTELA’s credit approval criteria.

Question 2

WHAT FINANCING OPTIONS ARE AVAILABLE TO ME?

Accepted Answer

For those who opt for Hotela Direct Loans, with interest rates starting at 2.9% per annum. Hotela can provides loans as indicated in the page for each residence. The process is facilitated by us, making it quicker and easier than a standard home loan. Buyers also have other financing options available, including paying in cash, obtaining a personal line of credit, or accessing conventional financing through our banking partners.

Question 3

IS IT MANDATORY TO OBTAIN FINANCING THROUGH HOTELA?

Accepted Answer

No, it is not mandatory. While we do provide integrated financing options for our buyers, you are free to explore other sources of capital, such as home equity financing or paying in cash, to buy your home.

Question 4

WHAT ARE MY DOWN PAYMENT OPTIONS TO BUY A HOTELA OWNERSHIP SHARE FOR MY SECOND HOME?

Accepted Answer

For qualified buyers, Hotela has a limited time only no money down - 36 monthly installments. Offers can change without notice.

Question 5

HOW LONG DOES IT TAKE TO GET HOTELA FINANCING APPROVAL?

Accepted Answer

HOTELA Direct Loans requires five (5) business days from the time we have received all the required information from you.

Question 6

CAN I USE FUNDS FROM MY INVESTMENT ACCOUNT TO BUY A SECOND HOME ?

Accepted Answer

Withdrawing money from your investment account for your second home down payment is similar to accessing funds from your savings account. The main difference is that you may be subject to taxes on any gains the money generated while it was invested.

Question 7

SELLING AN ASSETS TO BUY A SECOND HOME?

Accepted Answer

Selling assets can be a viable solution when you find yourself short on funds, to prevent losing the opportunity to own your dream second home.

Question 8

RETIREMENT ACCOUNT TO BUY A SECOND HOME?

Accepted Answer

This particular strategy for a second home down payment is more dependent on age and is not recommended for individuals who have plans to retire in the near future.

Question 9

WHAT IS THE PROCEDURE IN CASE ONE OWNER DEFAULTS?

Accepted Answer

In the event of an owner's default, since HOTELA is the lender, HOTELA assumes responsibility for all loan payments and operating expenses associated of that owner. If the default cannot be rectified by the owner, we may resell the share to a new owner. This safeguard is among the many advantages that HOTELA owners can benefit from under our fully managed HOTELA Ownership Share program.

Question 10

IS IT POSSIBLE TO PAY OFF THE LOAN BEFORE THE AGREED-UPON TERM?

Accepted Answer

Certainly. Buyers who finance with HOTELA Direct Loan can pay off their loans early without incurring any prepayment penalty.

Question 11

WHAT IS THE PROCESS AND SCHEDULE FOR MAKING PAYMENTS?

Accepted Answer

Monthly payments will be deducted automatically via ACH (US), Auto Debit (Japan), autopay or direct debit (Hong Kong) ensuring safe and secure transactions. Auto debits vary from country to country. Credit and debit cards, PayPal can also be used however, there is a surcharge of 2.5% for processing costs.

Question 12

WILL I BE CHARGED A FINANCING FEE?

Accepted Answer

No. Aside from the financing charge, HOTELA does not charge any additional fees such as origination fees to our customers.

Question 13

AFTER MY HOTELA OWNER SHARES ARE FULLY PAID, CAN I REFINANCE?

Accepted Answer

No. Currently, HOTELA does not offer post refinancing options. However, HOTELA is working on launching an after-purchase financing option for our customer which will allow customers to have a HOTELA Debit Card with access to your HOTELA Ownership. Equity on-demand. Stay tuned!

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