Can anyone tell me who lends money in order for Aussies to purchase in the USA the type of properties Westan recommends?
Liz
Hi Liz,
Australian lending institutions will not except USA property as security over a mortgage,
However you can use the equity from Australian held assets and purchase outright in the USA, leaving the USA properties unencumbered,
Or try and find a lender based in the USA who will finance Australian investors, but this is not an easy task.I am currently in the process of trying to source finance in the USA for a number of my clients who are investing in the USA, if I am successful I will let you know, Cheers.
Regards
Steven
Mortgage BrokerMobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.auPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
Thanks for the reply- the problem with purchasing it outright is it ties up money- I thought it would be better to use the rent to pay it off as that would save on bringing the money back to AUstralia etc
Liz
Hi Liz,
You are absolutely correct, U.S based finance is a much better option, this method would help free up available Australian based funds/equity for deposits etc on more properties, Cheers.Regards
Steven
Mortgage BrokerMobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.auPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
Hi guys
I have found finance in the US. Low rates and no hassles. Drop me a line for more info.
What is with the influx of US salespeople?
Robert Bou-Hamdan
Mortgage Adviser
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