There are 4 different ways to borrow money to buy a property in the US:
-Borrow from an Australian lender and then send the money to the US
-Borrow from a lender from the US. This can be particularly difficult as they will require proof that you can afford the repayments and generally Australians don't have a credit rating in the US.
-Borrow from a hard money lender. This has the major disadvantage of high interest rates together with a lower loan to value rate and more cash needed.
-Get a Vendor finance.
No comments:
Post a Comment