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#11
11-08-2006, 10:03 PM
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Re: Borrowing $ from US Bank to buy a Condo Overseas??
"That's the main reason Americans travel there."
How did you come to this conclusion? 
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#12
11-08-2006, 10:18 PM
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Re: Borrowing $ from US Bank to buy a Condo Overseas??
[ QUOTE ]
[ QUOTE ] [ QUOTE ] You want a condo in Thailand? That's disgusting. [/ QUOTE ] ? [/ QUOTE ] Thailand is notorious for child prostitution. That's the main reason Americans travel there. [/ QUOTE ] Keep drinking the kool-aid man. Ignorance is bliss eh?
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#13
11-09-2006, 01:16 PM
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Re: Borrowing $ from US Bank to buy a Condo Overseas??
Its better to look for a International Bank like HSBC or Citibank. I was able to use a real state in Brazil as a colateral to a loan in US using BankBoston. Using your local credit US to buy overseas should be easier.You will face a crappy rate as well but if you dont want to be exposed to currency rates that may be the best solution.
A mortgage is a loan using a real state asset as a colateral plus some kind of goverment incentive. Even if you cant enjoy any of the local gov incentive you can use the condo as a colateral and a US$ CD as haircut. Big banks are spending billions to offer worldwide service to their customers but sometimes it seems that things are not going like planned . A produtct like the one you need should be widely available by now.
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