Every now and then, you come across something that changes your life. If you travel a lot, it can seem like you have these kinds of experiences almost weekly. But consider when you run across a dream home abroad. Do you just shrug your shoulders and say, you cannot have it because it's not in your ‘home’ country? So many people feel this way, but some do not. If you come across a home that is perfect in every way, the stuff of fairytales and you can see yourself living in it and the country, you cannot skip over it. It's not at all impossible to actually buy and live in the home for the rest of your life, if you want to. Here are some things you should consider.

The currency exchange

You can find some amazing homes in emerging economies. The great thing about them is, they do not cost a fortune, at least not to you. Western economies have very strong currencies. Whether it's a variation of the dollar, or the Great British pound, or the Euro, you have a lot of financial firepower if you take this currency to poorer nations. For example, you come across this amazingly beautiful home in Mexico. The US dollar is 21 Pesos. So your wealth is worth 21 more times than it is in the US. To put that into perspective, $10,000 is 212,000 pesos. You can buy an incredible home with just a small amount of savings. Find out what the currency exchange rate is of the home you have found and see if it's a viable option to convert a lot of wealth into this currency.

Find out the quote

There’s no use speculating, you have to see what kind of Mortgage Quotes you would be getting if you could have your credit history, top lenders and mortgage trends factored in. It's something you can do online and if you find the right kind of website, it can be done for free. Why is this useful? Because, people who have never had a mortgage find that mortgage companies have to take other things into consideration, aside from their mortgage history. So, it's great to see what areas you need to improve in before you actually go to make a real mortgage plan that will lock you in for many years.

Is it viable economically?

Maybe you think it's your dream home right now, but lots of things can turn this sour. People have sold their dream homes because of other external factors. Maybe the economy of the country the home is in, is unstable. Maybe there is crime and other dangerous things that could force you away. Maybe the government has very aggressive social and financial laws around property. Chances are you may not find a dream home in countries that are facing political turmoil.

So always plan for your dream home to be viable and able to be sustainable. Make sure you can afford it with your currency exchange rate and saved wealth.