Wondering if there are any similar expats out there who have moved to UAE and had a mortgage back in Canada. I am currently considering the move next year to Abu Dhabi and have considered a few options:
1) Continue paying monthly mortgage while wiring money over back into Canada on a regular basis
2) Take out loan in UAE to pay off mortgage in Canada and pay off UAE loan in USD. I understand there are policies and procedures of whether or not I can get a loan first, but putting that aside, what I am trying to work out is the FX effects on paying off my mtg in Canada with a UAE Loan.
3) Sell Condo which is probably not my preference as real estate is still good investment/savings strategy IMO.
Any opinions or advice would help!