All Topics / Help Needed! / Help with positive cashflow property using usa low interest rates needed .

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  • Profile photo of ozgalaxyozgalaxy
    Participant
    @ozgalaxy
    Join Date: 2007
    Post Count: 3
    May 18, 2013 - 10:24 am

    Has any Aussies managed to my usa property using American interest rates?
    For example a 30 year mortgage fixed at 3.5% ??

    Just wondering cause I am trying to do it.

    Profile photo of Nigel KibelNigel Kibel
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    @nigel-kibel
    Join Date: 2005
    Post Count: 1,425
    May 19, 2013 - 1:33 am

    I don't think that the banks are locking in rates at present in the USA. As a foreign national you will not get rates of 3.5% you can get up to 60% on commercial loans at around 5%. 

    This may of course change as finance is changing by the month. Some lenders will look at the strength of your credit rating in Australia as well. The only people even in the United States getting rates of 3.5% are people on the highest credit rating.

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