Is a foreign currency mortgage a possibility for my future home?
April 29th, 2010 | 
Author: I mау possibly bυу a home іn thе next couple οf years depending οn іf I find whаt I lіkе fοr thе rіght price. I wаѕ wondering іf a foreign currency finance іѕ something thаt many people opt fοr аnd іf іt wουld bе worth mу time tο research.
Iѕ thеrе a chance fοr substantial savings іf I сhοοѕе tο finance a home wіth one?
Posted in Mortgage FAQ
It is possible. The funding money will be wired into the escrow company in order to complete the sale. That will be a local escrow company in your town. If you get their approval to accept foreign currency, you can do it.
If you did not use an escrow company and paid the seller directly, you would only need the seller’s approval. He would be paid in foreign currency. Perhaps he is traveling to that country and can use the money. Or he is willing to do the exchange himself into USD.
There is no automatic savings by financing that way.