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Hmm...maybe your right.
But, if a bank can offer a loan like this, why can't an aussie bank borrow money from these guys, lock in the fx rate and then onsell it as a mortgage here in Oz...oh wait, they DO.
And, they can onsell it as a fixed or variable loan, eg 6.5%, 3 year fixed and still make 4% with limited risk.

http://www.shinseibank.com/english/housing/index.html

http://www.shinseibank.com/english/housing/loan_kinri.pdf

[QUOTE="DB008, post: 498483, member: 4258"] Hmm...maybe your right. But, if a bank can offer a loan like this, why can't an aussie bank borrow money from these guys, lock in the fx rate and then onsell it as a mortgage here in Oz...oh wait, they DO. And, they can onsell it as a fixed or variable loan, eg 6.5%, 3 year fixed and still make 4% with limited risk. [URL="http://www.shinseibank.com/english/housing/index.html"]http://www.shinseibank.com/english/housing/index.html[/URL] [URL="http://www.shinseibank.com/english/housing/loan_kinri.pdf"]http://www.shinseibank.com/english/housing/loan_kinri.pdf[/URL] [/QUOTE]

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