All Topics / Finance / Finance for Over Seas investment property

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  • Profile photo of JRWJRW
    Member
    @jrw
    Join Date: 2003
    Post Count: 17
    November 30, 2004 - 1:20 pm

    Hi,
    The subject kind of says it all. How do I get finance for an OS (Canada) investment property. Positivly geared of course? I understand I should borrow Canadian dollars to not have the exchange rate come into play after the money is borrowed and I’m assuming I’d have to go through a Canadian bank. But how, has anyone done this? I know some people from Oz are buying in New Zealand. Can the same borrowing proceedures used for this investment be applied to Canada or other countries?

    Thanks for any help. I have also posted this post in the “Help Needed” forum.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    November 30, 2004 - 2:52 pm

    Hi JRW,
    You will need to find Canadian credit providers who offer finance to non-residents,
    Do a search on google for Canadian Banks or alternatively contact a few Canadian Mortgage Brokers and have them do the leg work for you, Here are some links to get you started,good luck.

    Canadian Banks online
    http://www.businessjeeves.ca/Banks.html

    Canadian Mortgage broker directory
    http://www.allcanadamortgage.com/

    Regards
    Steven
    Mortgage Broker

    [email protected]
    http://www.mobilemortgagemarket.com.au
    Ph:0402483216
    Ph:1800 820 500
    VICTORIA

    PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

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