Hi all, I wanted to know if it was possible to take a loan from the united states for a property here in Australia ? mainly being due to the strong dollar and increasing interest rates.
From what i have read so far, it is possible but it can be a problem due to the change in exchange rates.
Hi Asoka
My experience as an expat allowed me to get a USD denominated loan from one of the Australian Big 4 Banks but this was only allowed if my income was paid in USD's (which it was). This effectively shielded me from exchange rate risk.
If your income is earned in AUD's, I don't know of an Australian or US Lender that will give you a USD home loan, for an Australian property.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
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