Financing your home in Puerto Vallarta Not everyone can afford to pay cash for a dream home in Mexico. Fortunately for the rest of us, financing is now available. Although rates and fees are somewhat higher than in the US, many buyers prefer to secure their Mexico property with a loan against their Mexico property, rather than tie up their valuable home equity in the US. Mortgage financing in Mexico extends the possibility of a second home in paradise to many who could not otherwise afford it.
Savvy investors understand the benefits of leverage (using the “other guy’s” money instead of their own) which decreases the necessary cash investment and increases the yield on their invested cash. There are numerous loan brokers operating in the PV area. However, the two that seem to have a better understanding of the overall process are MexLend and Mortgages in Mexico.
MexLend (www.mexlend.com)
Mortgages In Mexico, LLC (www.MortgagesInMexico.com)
Please contact a broker for more information regarding who qualifies, types of loans offered, current rates, current loan terms, employment qualifications and other pertinent information
At Tropicasa, we would be delighted to help you with any questions you may have about the purchase of real estate in Mexico. Please feel free to contact us using the form on the contact us page of this site. Or you may call or fax us using the numbers listed below. We'll do our best to answer your questions quickly and correctly, and if we don't have the answer at our fingertips, we'll do our best to find it for you.
