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Obtaining low interest mortgate finance overseas
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11-07-2010, 12:09 AM
Post: #1
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Obtaining low interest mortgate finance overseas
Hi,
I was wondering with the U.S. cash rate being at 0.25% if there is any way to gain access to a loan from a bank willing to offer a low rate to overseas people? In Australia for house finance we pay about 7% , and now its just gone to 8%. I am asking because my parents are paying off a couple houses and I thought if there was a way to get a low interest rate it would help them out. thanks. |
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11-07-2010, 12:47 AM
Post: #2
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RE: Obtaining low interest mortgate finance overseas
american banks aren't lending to anyone, so I highly doubt they're going to extend credit to people overseas, especially considering they'd have to deal with foreign laws and foreign courts should the loan go into default.
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11-09-2010, 03:44 AM
Post: #3
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RE: Obtaining low interest mortgate finance overseas
Some of these Forex providers seem to be offering incredibley low interest rates on margin for trading. Although that's a different finance product the low interest credit seems to be there.
thanks for the input anyways. |
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