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Mexico Financing


Mexico property purchases are most ideally conducted with "cash" transactions. "Cash" meaning that the purchaser comes to the closing table with all the funds needed to pay the purchase price and the closing costs in full. Most purchasers who do not have all that cash laying around will obtain a credit against a property in their home country that has a very attractive interest rate, cash a financial asset or use a retirement fund to secure the funds needed. However, foreigners can obtain a mortgage to purchase a property in Mexico and as time goes on the aspects of loans in Mexico are becoming more and more attractive. It should be noted that the Mexican Mortgage Market is far behind its counterparts in the United States and Canada. For instance, the interest rate offered by Mexican Banks is typically much higher and often there are origination fees and points added to the loan cost. The application and approval procedure is also tedious and time consuming. There are more and more brokers offering better and better services so please contact us to discuss Mexico Mortgages before you rule it out.

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