Here is my dilemma....Looking for ALL the help possible:
After living in Punta Cana for more than 1 year.....my parents and I finally decided to buy a condo for 130 000 USD. We gave 30 000 as a down payment in July, when the Canadian dollar and the US dollar were pretty much at par.
NOW....the rates have dropped drastically and the balance due is 100 000USD, will actually cost 123000 Canadian dollars.....Which changes the whole picture...I think the best solution may be to take out a loan in US dollars now, but no Canadian bank will do a US mortgage, so our only option is to take out a local loan with BHD OR Banco Popular....
Does anyone else have ANY advice.....PLEASE !!!!
After living in Punta Cana for more than 1 year.....my parents and I finally decided to buy a condo for 130 000 USD. We gave 30 000 as a down payment in July, when the Canadian dollar and the US dollar were pretty much at par.
NOW....the rates have dropped drastically and the balance due is 100 000USD, will actually cost 123000 Canadian dollars.....Which changes the whole picture...I think the best solution may be to take out a loan in US dollars now, but no Canadian bank will do a US mortgage, so our only option is to take out a local loan with BHD OR Banco Popular....
Does anyone else have ANY advice.....PLEASE !!!!