Question by Hulio: Can I use my US stocks as collateral for Indian home loan ?
I am a NRI and have invested in stocks in the US for less than 1 year.
I am planning to by a apartment and would need down-payment.
1. Is it possible for me to use US stocks as collateral for making down-payment of Indian home loan. Which banks allow this?
2. Which banks can provide form 1099 ( Interest payed on mortage) so that I can claim that on my tax returns.
thanks.
Best answer:
Answer by betotron
none that are legit
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