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Mortgages
Home Loan financing is now available in Mexico with the ease of loan processing in the USA.
Home mortgages in Mexico are available today! Financing your Mexico home has never been easier. Until recently, f you wanted to buy a home in Mexico, you had to pay for it all in cash. Needless to say, this was prohibitive for most people.
Finally this problem has been solved. Yes, you can now purchase your dream home and not have to pay cash to get it. Use your Mexico property as collateral for your mortgage loan and leave your other assets untouched. Chose either a USD based loan or a peso based loan. This opens up the Mexico real estate market to many more people who would like to own their own condo or home, or even build their own home. Prices in Mexico are still a bargain, but s real estate becomes easier to purchase, values might well go up even faster than they already are. If you are planning for retirement, or looking for a second home, now is a good time to act.
Here are some benefits:
• Loans available in USD or in fixed pesos (takes advantage of the pesos devaluation to USD of 6-10%/year).
• Loan amounts of $50,000 USD to no upper limit – converted to pesos at closing for pesos based loans.
• Up to 80% LTV – seller may pay up to 3% of closing costs.
• Low fixed or adjustable interest rate for 10, 15, 20, 25 and 30 year terms.
• Available to citizens of USA, Mexico and citizens of other countries with FM-3 visa status and history of income in Mexico.
• Close your loan in 45-60 days.
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... published 2007-11-27 |
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