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Mortgage question

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Old May 9th 2012 | 4:28 am
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Default Mortgage question

Hi, i am living in Canada, (Manitoba) originally from Ireland. Me and my husband have been thinking about buying a property in Ireland and using it as income property, (all around the area i useto live in Dublin prices of houses have dropped so much and people are renting). How does it usually work with the mortgage? Would i get a mortgage here with my Canadian bank or would i get it in Ireland? Anyone else done this, or kept their property when they moved, any pros/cons?? We had also thought about just buying an apartment here, just trying to figure out the best option, thanks so much for your help
 
Old May 9th 2012 | 5:55 am
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Default Re: Mortgage question

A Canadian bank would probably not mortgage an Irish property. If you have sufficient equity in a Canadian property you could withdraw that equity to buy in Ireland.
 
Old May 9th 2012 | 12:08 pm
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Default Re: Mortgage question

Thanks, that was what i was thinking may be an option
 

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