I think it may be possible (not entirely sure) although you are risking currency movements making you loan double in size!
Imagine if you had borrowed to buy a property worth $500,000 AUD in USD when the AU:USD was 98c. You would have borrowed $490,000 USD.
Today, that same loan in USD will cost you $676,200 AUD to repay. a month ago much worse.
Is getting a cheaper interest rate worth the risk of currency fluctuations? Well yes and no I guess a lot of people thought so until the Yen carry trade began to unwind
home loans, page-2
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