Monday, March 15, 2010

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Financing in Mexico

Financing In Mexico

Obtainining a home loan in Mexico is a more complicated process than that of the United States.  This is largely due to the fact that in the event of a default, foreclosure on the property is a lengthy process; therefore, lenders take additional precautions.

There are two mortgage options:

  1. Loans in Mexican Pesos
  2. Loans in USD

There following are examples of programs and benefits currently available:

Residential purchase/Cash Out Refinance

  • 30 year – 8.00%
  • 25 year – 7.25%
  • 20 year – 6.875%
  • 15 year – 6.62%
  • 10 year – 6.5%

LTVs of up to 80%

Raw Land – Available to US and Canadian citizens

  • 30% down, 10 year note, rates from 7.5%

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This website is not intended to solicit investment funds in any jurisdiction. This website and the information contained herein do not constitute an offer or solicitation for the sale of any product or securities of Turistica Advisors or any of its affiliates. Any formal offer of product or securities will only be accompanied by formal offering documentation or other definitive materials that have been prepared in accordance with applicable law specifically for the purposes of making such offer. Read more