Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 04.05.2011, 09:22
Newbie 1st class
 
Join Date: Mar 2010
Location: Greifensee
Posts: 20
Groaned at 6 Times in 2 Posts
Thanked 14 Times in 7 Posts
cowlumbus has slipped a little
Loan for US Property through Swiss Bank?

Hey fellow EF friends!
I was wondering whether anyone knew of a Swiss bank which might loan money to cover a mortgage on a US property.

With mortgage interest rates as low as 1-2% in Switzerland, it would be great if such a loan could be taken out to pay down a 6% mortgage in the US...

Thanks for any information!
Reply With Quote
  #2  
Old 04.05.2011, 09:25
Forum Legend
 
Join Date: Oct 2009
Location: la cote
Posts: 3,661
Groaned at 23 Times in 15 Posts
Thanked 3,311 Times in 1,742 Posts
runningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond repute
Re: Loan for US Property through Swiss Bank?

Please use the search function. I beleive this question has been asked several times on the forum for property in Australia, South Africa, US, etc. The answer from all banks has been 'no'.
Reply With Quote
  #3  
Old 04.05.2011, 09:44
AbFab's Avatar
Forum Legend
 
Join Date: Sep 2006
Location: Zürich
Posts: 8,654
Groaned at 383 Times in 263 Posts
Thanked 13,019 Times in 4,450 Posts
AbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond repute
Re: Loan for US Property through Swiss Bank?

Quote:
View Post
Hey fellow EF friends!
I was wondering whether anyone knew of a Swiss bank which might loan money to cover a mortgage on a US property.

With mortgage interest rates as low as 1-2% in Switzerland, it would be great if such a loan could be taken out to pay down a 6% mortgage in the US...

Thanks for any information!
If such loans were possible, which they are not, the fall in the dollar has been - and may well will be - more than any saving on interest rates...
Reply With Quote
This user would like to thank AbFab for this useful post:
  #4  
Old 04.05.2011, 09:45
Carlos R's Avatar
Forum Legend
 
Join Date: Dec 2009
Location: Roundn'about Basel
Posts: 7,231
Groaned at 105 Times in 95 Posts
Thanked 9,934 Times in 4,178 Posts
Carlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond repute
Re: Loan for US Property through Swiss Bank?

No.

Why would a Swiss bank take risk in a US market, over which they have little impact and no means of control should it all go pear-shaped. Furthermore, do you think a Swiss bank would want to get involved in personal debts (aka mortgages) in the home - pardon the pun - of the whole subprime crisis?

Reply With Quote
Reply

Tags
mortgage




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
GE Money Bank Loan Confusion porsch1909 Finance/banking/taxation 2 16.02.2011 11:56
Bank loan henk Finance/banking/taxation 18 27.06.2010 15:10
Swiss loan to cover US student loan & TAX accountant magicpau75 Finance/banking/taxation 0 12.02.2010 14:59
Borrow in switzerland to repay a property loan overseas Beano Finance/banking/taxation 3 11.10.2007 17:09
how to apply a car loan from bank? rallywang Finance/banking/taxation 7 01.03.2007 15:07


All times are GMT +2. The time now is 16:01.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0