How to Pay Overseas Mortgage Payments

If you need to pay mortgage payments overseas, you have several options. Long gone are the days of postal snail mail, thanks to the internet and other technological advancements.

Business Transfer Money Service: PayPal

Businesses typically use PayPal to send invoices and collect payments from clients for online purchases. It is highly likely that your mortgage loan company offers an option to pay online since it is a business.

Since businesses nowadays use digital receipts, instead of wasting paper you should utilize an online paystub maker to create your paystubs. Not only will this save you time, but will also save you effort and money since you won’t have to hire a professional to create your paystubs generator.

Overseas payments may take a couple of extra days to arrive because it won’t transfer as fast as if you had made the payment to a domestic bank. Therefore, plan to make the transfer at least seven days in advance.

Before you make your decision, weigh the cost of the low fee against the cost of the exchange rates. This will help you determine the true costs of using PayPal to send payments overseas.

Consumer Transfer Money Service: Xoom

To address the money transfer needs of individuals, PayPal acquired Xoom. Matter of fact, it has specific steps on how consumers can transfer money internationally. You can pay bills on Xoom if the country accepts Xoom bill payments. Think of “overseas” locations as any country where you would need a passport.

Currently, the international countries that use Xoom are:

• Costa Rica
• Colombia
• The Dominican Republic
• El Salvador
• Guatemala
• Honduras
• Mexico
• Nicaragua
• Panama

Policies change sometimes, so check with Xoom to confirm that the country where you need to send a payment is still available or if new countries were added.

Currently, if your mortgage payment is more than $3,000 USD, you’ll bypass the minimum USD transfer fee.

Wire Transfer: Bank

Another way to send money, particularly large amounts of $10,000 USD or more, is through a bank wire transfer. It’s less worrisome than wondering if your check will make it overseas safely. Know that the receiving bank’s processing times may vary and take a few more days to complete.

A few special security rules are in place, and both sender and recipient must adhere to them before a wire transfer is made. Having a bank account is mandatory, of course. They’ll also want to confirm residential addresses and identities.

Transfer Money Service: Western Union

You can transfer money to your mortgage lender’s bank account with Western Union. You can also choose how to transfer money in three ways: online, mobile app, or in-person.

Other than bank transfers, you can use cash. If you desire to use your debit card or credit card to pay your mortgage overseas, that’s fine too.

The main difference between Western Union and other payment systems is that you have the ability to skip a bank altogether and pay with cash.

Fifty countries have Westen Union locations, so check if your mortgage lender accepts payments in one of those countries first.

Sending your mortgage payment internationally is easier nowadays. Financial institutions and transfer money services are working together to help you send and receive money safely and right on time.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Placemaking around rail is a winning blueprint

The Government has announced that around 40,000 new, high-quality homes will be built on surplus railway land, as the Transport Secretary, Heidi Alexander, unlocks brownfield sites across the country for development. Richard Beresford Chief Executive of the National Federation of Builders (NFB), said: “The Government has a chance to set a new standard in placemaking…
Read More
Rightmove logo
Breaking News

Rightmove: Average two-year and five-year fixed mortgage rates now level

Rightmove’s daily mortgage tracker shows that the current average two-year fixed mortgage rate is currently level with the average five-year fixed mortgage rate.   Both the average two-year fixed rate, and five-year fixed rate are currently 4.52% Prior to July 2025, the last time this was the case was in September 2022 before the mini-Budget…
Read More
Breaking News

UK Homemovers Relocating Over 50 Miles

UK Homemovers Now Relocating Over 50 Miles as Buyers Seek Better Value Beyond the City The latest research by GetAgent Exchange, a platform enabling estate agents to monetise out-of-area applicant leads, has found that UK long-distance movers are now relocating an average of 52 miles from their original location, rising to over 80 miles in…
Read More
Breaking News

Beach hut values soar by as much as 100%

The latest research from over-50s property specialists, Regency Living, reveals that it’s not just demand for bricks and mortar that is pushing up house prices in Britain’s most desirable coastal locations, with the average price of a beach hut soaring by as much as 100% in some seaside towns. High cost of coastal homes England’s…
Read More
Breaking News

Revealed: the most lucrative shared living postcodes

New research from COHO, the HMO management platform, reveals that the shared living market in England & Wales generates an estimated monthly rental income of £1.4bn. But which postcode areas are creating the most income from shared living? How much are HMOs making in your postcode? Find out here COHO has analysed the estimated number…
Read More
Breaking News

Mortgage approvals continue to climb in June

The latest mortgage approval data from the Bank of England figures show that: – Mortgage approvals on house purchases for June sat at 64,167 up (+1.4%) from 63,288 in May. This signals two consecutive months of growth. Approvals are also up (+5.6%) when compared to the 60,761 seen in June 2024. This growth is positive,…
Read More