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I have a morgage in Australia. American interest rates are lower than Australian rates. I would like to borrow over there Is it feasable.

2007-02-04 01:32:22 · 2 answers · asked by oracle 1 in Business & Finance Renting & Real Estate

2 answers

why not

2007-02-04 01:34:43 · answer #1 · answered by msobhisultan 2 · 0 0

I doubt it. Look at the situation from the perspective of the lender. You want them to lend money on a property that would be impossible to sell if they were to foreclose.

If you owned some real estate in the USA, and had enough equity to borrow against it, then you could buy your property in Australia. The lender would have a lien on an American property then.

2007-02-04 04:26:26 · answer #2 · answered by teran_realtor 7 · 0 0

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