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Foreigners generally cannot obtain a mortgage from local Thai banks to finance the purchase of their Thailand property investment. Most of the financial institutions in Thailand provide loans for real estate purchases to Thais and Thai Companies.here are generally two other options available to foreigners to finance their Thailand house or condo purchase. Historically, many foreign buyers had taken a mortgage against their property in their home countries. This is more difficult than ever given the economic crisis, yet still an option for some.
A tourist is not allowed to work or conduct business in Thailand. A tourist needs a tourist visa so you can stay in Thailand for a period of 15 or 30 days while doing her own explorations and excursions in the kingdom. A tourist visa is a stamp or document needed so you can stay in Thailand for a specific period of time, on the purpose of tourism.