Investing in the US

I thought I share this link with you. I came across it yesterday. From my own personal experience, there seem to be more lenders willing to lend to foreigners now than when I started my investment journey in the US a few years ago.

www.trulia.com/voices/Financing/Can_a_foreign_national_get_a_mortgage_loan_in_US_-323072

I did find a few others but thought this was a good enough start.

 

I've always wondered and never been able to find out so maybe you know... but does it make any difference for a US citizen living abroad when it comes to borrowing from the US? It's a market I'm tempted by often.

 

Like you, I'm both an Australian citizen and "wogitalia" myself. Your name is too funny.

Financing was easier while living in Australia. Now that I'm a US resident, I am subject to local banking conditions. It's like starting over again - with no credit history......and having to do silly things like taking out secured credit/debt cards to build up credit.

As an Australian, the logic behind them is beyond me. Just mind blowing. The card is secured/backed up with my own money and I am charged regular credit card fees to use it and have to keep the minimum balance under 30% or it adversely affects my credit......but I'm using my own money.

I need to continue doing this for at least another year to have fair credit.