Is it possible to loan or mortgage from an American Lender?
Can I borrow money from a lender based in the US for example purchasing a house here surrounded by the UK, if you are not an American citizen?
Answers:
You could, some morgage lender in here have based on US interest rate, but be carefull as you will have exchange rate different adjectives the time.
you could try bill gate. he has a few quid.
Yes you can but if the mortgage is in dollars and your income is in pounds you run the risk of exchange rate change. If your repayments today are $180 a month, that will cost you lb100 plus bank transfer fees. But if the pound go down to lb1 = $1.50, you will be paying lb120 a month. You need a strong stomach to take this risk.
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Answers:
You could, some morgage lender in here have based on US interest rate, but be carefull as you will have exchange rate different adjectives the time.
you could try bill gate. he has a few quid.
Yes you can but if the mortgage is in dollars and your income is in pounds you run the risk of exchange rate change. If your repayments today are $180 a month, that will cost you lb100 plus bank transfer fees. But if the pound go down to lb1 = $1.50, you will be paying lb120 a month. You need a strong stomach to take this risk.
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