All Topics / The Treasure Chest / Refinancing with a US Bank with lower US rates ?

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  • Profile photo of hwd007hwd007
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    @hwd007
    Join Date: 2002
    Post Count: 247

    Refinancing with a US Bank with lower US rates ?

    Just wondering if this might be possible, considering that the US interest rates are much lower than ours ! [?]

    Profile photo of willrogerswillrogers
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    @willrogers
    Join Date: 2003
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    Sounds like a great idea to me but how do you get them to do the refinancing?

    quote:


    Refinancing with a US Bank with lower US rates ?

    Just wondering if this might be possible, considering that the US interest rates are much lower than ours ! [?]


    Profile photo of hwd007hwd007
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    @hwd007
    Join Date: 2002
    Post Count: 247

    Will I have no idea. It may require some research.
    cheers,
    Dave

    Profile photo of Stuart WemyssStuart Wemyss
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    @stuart-wemyss
    Join Date: 2003
    Post Count: 598

    You would need to consider foreign exchange risk.

    Aust. banks will not lend against properties located outside of Australia… the US is probably the same.

    Cheers

    Stu

    Property & Finance News
    at http://www.prosolution.com.au

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
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    i used to work in Japan, and I know the NAB and other Aust banks will actually lend you money for property in Aust in Yen at Japanese interest rates (1 to 2%). But you must be working over in Japan earning yen. I think there are a few people using these Yen loans.
    Over the past few years the exchange rate has gone from about $1=60Yen to $1=80Yen.
    So if you had taken out a $100,000 loan it would have been 6,000,000 Yen which is worth $75,000 now. I suppose if you are earning Yen it doesn’t matter so much.

    Terryw
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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