While some of the numbers, such as the slightly higher rates, a larger down payment and the longer process time are less favorable than in U.S., as a buyer you must decide if it is advantageous for your situation to have lower rates and at the cost of tying your home equity to a foreign real estate purchase. The good news is that you now have the choice.
Another point to consider when buying your Mexico home is that more and more developers are also offering direct financing, often at very favorable rates, and with a slightly easier process to work through. If you are interested in buying through either of these options, advise your experienced real estate agent in Mexico, who will be able to point you to qualified mortgage brokers, or to developments within your price range that offer financing.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
TOPMexicoRealEstate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Playa del Carmen Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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