Paddycakes
Joined: 05 May 2003
Location: Seoul
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 Posted: Thu Feb 14, 2008 12:55 pm Post subject: For the financial experts... |
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we're looking at buying an apartment for about 200 Million Won (not Seoul).
We have about 130 Million for a down payment. Plus we can burrow about 30 from the wife's sister interest free which leaves us with a 40 Million Won mortgage.
Any advice on how to do this smartly?
I was thinking about seeing if I can tie the 30 Mill mortgage to US dollars (I'm very bearish on the US dollar and think it will sink big time over the coming years, which is good for people not holding US dollars.)
I was also thinking about getting a line of credit against the equity in the house and investing it something that will pay dividends at a rate higher than the line of credit interest rate so I could pocket the difference.
Wife is Korean, but she has no financial sense.
Anyone know any Korean financial planers who speak really good English? |
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