I’m thinking about investing in a property in a foreign country.
I don’t want to take a mortgage from a bank in that country because interest rates are 3-4x as high as here in switzerland. And they have to be amortized in 10 years.
Now I’m thinking of stocking up an existing mortgage and using that money to buy real estate abroad.
Is that even something that’s possible? Does the bank check where the money’s going?
What are the regulations like? Has somebody here done anything comparable?