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How to get financing for foreign property?

Asked by saservp (291points) July 16th, 2010

I am interested in purchasing a property abroad; I live in the US. I can’t get a mortgage with a US bank because it is not a US property, but the mortgage rates at the foreign country banks are ABSURRDLY high (higher than my credit card!). Where/how can I get financing at a reasonable rate for this?

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