Articles in the Financing Mexico Real Estate Category
Financing Mexico Real Estate, Headline, Mexican property ownership »
With its close proximity to the US, lower land and construction costs, and low cost of ownership, Mexico is an attractive location for buyers looking for great values in international real estate. Still, there are significant differences in how real estate is purchase in Mexico than it is in the US and foreign real estate investors would be wise to have these three “must haves” in place to ensure a successful transaction:
Hire a reputable Notary Public (Notario Público)
Unlike their counterparts in the US, the notary public in Mexico must …
Featured, Financing Mexico Real Estate, Headline »
With the stock market in flux and the price of commodities high, many investors are trying to find other vehicles for building and diversifying their retirement portfolio. One way to diversify individual retirement investments is to use your IRA or 401(k) to invest in real estate. Qualified retirement money can be accessed to include personal real estate ownership, whether it be a second home, investment property or commercial/office space.
With Mexico real estate prices just starting to recover from the global recession, investors can purchase homes at significant discounts. Recent prices …
Featured, Financing Mexico Real Estate, Mexico Economy, Mexico Investment Facts, Mexico Real Estate, Mexico Real Estate news »
Mexico mortgage loans will show solid growth in 2010, according Mexico’s largest bank, Grupo Financiero BBVA Bancomer.
The news fuels expectations that expanding Mexico mortgage loans will ignite the Mexico real estate market in 2010.
Speaking at a press conference last month, Ignacio Deschamps, Bancomer’s president and chief executive, said “Credit will grow in a dynamic way at Bancomer in 2010 … we will seek double-digit growth in all of our portfolios”.
Deschamps expects Mexico mortgage and small business loans to grow more than 20% in 2010.
Earlier in 2009 the federal government-backed mortgage …
Featured, Financing Mexico Real Estate, Mexico Economy, Mexico Investment Facts, Mexico Real Estate, Mexico Real Estate news »
Baby Boomers, Featured, Financing Mexico Real Estate, Living in Mexico, Mexican property ownership, Mexico Economy, Mexico Investment Facts, Mexico Real Estate, Puerto Vallarta, Retirement, Tourism, retire in Mexico »
Featured, Financing Mexico Real Estate, Mexico Economy, Uncategorized »
Now that Mexico finance is becoming so readily available, more people are choosing this option over using cash to finance their Mexico real estate transaction, said experts in Mexico finance and real estate.
Most Mexican banks require a Migrant Visa (FM2) for a non-resident to obtain Mexico mortgages.
However, if there are bank statements to prove the financial situation at home, some also accept an FM3 (Non Migrant Visa). In other words, there is no need to be a Mexican citizen to get a loan from a Mexican bank.
And just because your …
Financing Mexico Real Estate, Headline »
What are the steps for getting a home loan for real estate in Mexico?
1. Find an experienced, reputable, and ethical mortgage broker with a successful track record. A knowledgeable broker should be able to answer all of your questions and you should feel comfortable with the level of their expertise. Most brokers will offer the same set of lenders; however, customer service and experience will definitely set them apart. Not all mortgage brokers are created equal.
2. Get pre-qualified. If financing is needed to complete a …
Financing Mexico Real Estate, Mexican property ownership, Mexico Investment Facts, Mexico Real Estate, Mexico Real Estate 101, New Developments, Uncategorized, retire in Mexico »
If you are interested in learning more about investing in Mexican real estate you should definitely take advantage of this free webinar hosted by Guidant Financial Group.
About the Webinar:
Join David Nilssen, founder of Guidant Financial Group Founder as he interviews Tom Kelly, author of Cashing In on a Second Home in Mexico, and Sarah Cox, a licensed real estate agent from Cancun, about investing in Mexico. Learn about:
• The process for buying in Mexico
• Where significant growth is anticipated
• Condo hotels that are guaranteeing to pay rent for the first 7 years
If you …
Financing Mexico Real Estate, Mexican property ownership, Mexico Economy, Mexico Real Estate, Mexico Real Estate news, retire in Mexico »
As the Mexico resort real estate market continues to gain popularity among North Americans, one common theme exists; an increasing demand for insightful and relevant information among the entire Mexican resort real estate community, including developers, Realtors, owners, resellers and potential buyers. This is especially true in light of today’s more difficult economic times. Therefore, it seemed worthwhile to highlight the hottest current topics in the industry as discussed at the fourth annual Mexico Resort Development Conference in Carlsbad, California held in December 2008.
This year’s conference was once again …
Financing Mexico Real Estate, Mexican property ownership, Mexico Investment Facts »
Since its introduction in the early part of 2005, the cross-border Mexico mortgage market — mortgage financing for foreigners purchasing vacation and retirement homes in Mexico — has been compared by many realtors and developers to riding a roller coaster. But now, a greater number of those individuals are looking at the cross-border mortgage market to help strengthen the slower real estate market.
Mexico Real Estate Slowdown
The recent U.S. downturn, comprised of the U.S. housing bust, housing and corporate credit crunch, high gasoline prices, weakened U.S. dollar, and inflationary pressures, …
