Lending terms stipulated in countries other than ours are often very beneficial. Precisely for this reason many people decide to borrow directly abroad, allowing them to receive these benefits. But not everyone knows that some banks have the ability to open foreign currency loans in making it possible directly from Italy enjoy benefits similar to those found in these countries.
When you decide to do, however, a transaction of this type is important to remember that the conditions of the loan is made directly in the currency decided. If our salary is € this means it must be changed in foreign currencies, U.S. dollars for example in the United States of America (USA), to be able to go to repay the mortgage payments.
relationships between different currencies are constantly changing and this can be considered as a real risk .
Loans in foreign currencies are recommended only and only to persons who are not afraid of this risk and who are ready to see any rise in times their monthly payment even twice its value.
The advice can be given to those who want to open a loan in foreign currency are:
-point periods in which the euro is weak so that you can pay off the debt so early without losing our money-choose
a mixed rate as a currency that is partially refundable in euro and partly in a foreign currency in case of a difference between them is particularly large.
See also:
- Comparison of fixed and floating rate
- rates of interest on loans
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