Now is a good time for US international mortgage applicants

Tue, 03 Jan 2012
Now may be a good time for those considering applying for an international mortgage in order to invest in US property to begin their search.

This is because Les Calvert, director at Property-Abroad.com, has noted currency exchange rates in the country are unlikely to improve significantly over 2012.

The industry figure claimed the dollar should not dip much further against the pound in the coming 12 months.

Individuals looking at their international mortgage options may therefore find it is better to get the ball rolling sooner rather than later.

Mr Calvert stated: "With the way that the dollar and the pound are at the moment, it is as good a time as any to start looking at buying over there."

He explained Atlanta is a region that is continuing to tempt investors at the moment, while many investment companies are hoping to sell ready-tenanted dwellings that will offer guaranteed rental yields.

His comments come after recent figures produced by the National Association of Realtors showed that pending home sales in the US continued to gain across November, climbing to their highest level in 19 months.
 
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