Borrowing $ from US Bank to buy a Condo Overseas??
On a message board about Thailand, someone mentioned that they took out a mortgage on a house they already owned in the USA and then used this money to purchase a condominum in Thailand(foriegners cannot take out a mortgage and mortgage terms are particularly crappy even for locals)
I do not currently own a home in USA, but I do have $4X dollars in my bank account. The condominium I want to buy in Thailand costs $X. Do you think it would be possible for me to convince a bank to lend me this money so that I do not have to purchase the condominium in cash?
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