Has anyone tried to borrow money from Japan to buy property else were . You can get it at about 1.7% if you borrow at least $100,000 US .
Cheers Rick[drummer]
you have to look at that exchange rate
interest rate is good but you can’t predict what your repayments will be due to the constant foreign exchange rates.
Byronent
Adelaide SAHi Rick
do you know if the Japanese will lend if
1. you want to buy property outside of Japan
2. you are not a resident of Japan
3. what type of security needs to be lodged for the loan, and should it be lodegd in Japan?if yes, can you give details of which financial institutions in Japan will do this.
its an interesting idea
cheers BJSos a search for the following ‘gnome loan” or ‘westpac swiss loan scandal”
Bigjobs Have heard of people doind it but dont know the connection they had with japan weather they had a bussiness over there or somesort of liveing visa or what I dont know sorry.
Natr Thanks for the advice will have a look
Cheers Rick[drummer]
I used to live in Japan, and have looked at it. NAB, and ANZ will lend up to 70% LVR in Japanese yen for property in Australia. But you must be working in Japan, earning yen. If you even leave Japan (ie stop working there), the loan must be renegoitated and changed into AUD.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Thanks Terry your a champ,[drummer]
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