Mexico: Real Estate Financing Mortgages

U.S citizens can easily finance a home or property in Mexico

But, as with any real estate transaction, investors should know Mexican practices

(Photo left: hotel and resort building construction in Rocky Point (Puerto Peñasco) is still strong.

Real estate purchases in Mexico by U.S. citizens once was a major barrier to Mexican investments.

Investment opportunites in Mexican property is available. Mortgages, home loans, properties and land can now be purchased.

"The first Mexican RMBS deal successfully debuted in December 2003, pricing at a record low of 5.00% fixed interest rate." said credit analyst Juan Pablo De Mollein, an associate director in Standard & Poor's Latin America Structured Finance Ratings group in New York

This favorable pricing suggests a wider acceptance of, and demand for, structured finance debt by domestic investors."

In terms of volume, number of deals, and asset classes, 2003 was a record year," said Mr. De Mollein. (ref: Find Articles).

But, just as purchasing property in the U.S., Europe or Canada, the investor must take all precautions. especially title insurance. Investors should use a licensed Mexican and U.S. real estate agents, attorneys and accountants.

With professional help, and title insurance, you can better assure that the seller holds a clear title. Require that all documents be translated into readable English. For properties advertised in Arizona, be sure to inspect the developer's report. This report is on file with the Arizona Department of Real Estate.

For more online help: Arizona Department of Real Estate: www.azre.gov
Select "Arizona-Mexico Trasnactions" button on the lower left of the screen.

Buying real estate in Mexico in 2008

In 2002, there was a total of 14 structured deals in Mexico, for a total amount of US$788 million, while in 2003, there were 34 structured deals, for a total amount of US$2.4 billion.

This represents a 204% growth in volume and a 143% growth in number of deals. Aside from Mexico's first RMBS deal, Mexico also saw its first real estate commercial tenant lease-backed transaction, its first ABS consumer-backed deal, and its first ABS trade receivables deal. (ref: Find Articles).

To help finance Mexican property, Carefree Mortgage has partnered with GainClients

Carefree Mortgage has teamed up with GainClients, a provider of real estate and mortgage professional websites, to create a referral program to provide an online lending solution. Continue reading...

Mexico Real Estate Index

Buying and Financing Property in Mexico

courtesy of Carefree Mortgage

The Basics

The Restricted Zone
The Mexican Trust
The Mexican Land Lease
Title Insurance in Mexico
Financing Mexican Property
Closing on property in Mexico
The Notary Public

The Loan Process

Title Insurance

Real Estate Taxes in Mexico

Mexico Real Estate Guide (download pdf) from Arizona Dept. of Real Estate

Quick Quotes
Online Loan Application

Rocky Point (Puerto Peñasco) Real Estate (Sandy Beach, Mayan Palace)

Now that Americans can invest in Mexican property, there are many real estate agents and mortgage companies that are making Mexico Real Estate financing a major focus or market specialization.

Mexico has a national association of professional agents, AMPI, who follow a code of ethics that protect buyers and sellers in real estate transactions. A.M.P.I. (Asociación Mexicana de Profesionales Inmobiliarios) stand for The Mexican Association of Real Estate Professionals. Real estate agents in Mexico are not licensed.

Real estate closings in Mexico are handled by Notaries, government appointed officials who handle the complete realty closing transaction.

FIll out an online loan application form from Carefree Mortgage. Loan applications are sent directly to Carefree Mortgage through a secure Loan Origination Software system. Loans are closed by Carefree Mortgage and loan status updates online are available throughout the entire process. More from Carefree Mortgage.

Mexico Entertainment Magazine

Entertainment Magazine Home Page

© 2007 EMOL.org / Entertainment Magazine On Line / AZentertain. All rights reserved.

Learn from Experience:
Carefree Mortgage

Get information on Mexican mortgage finance from Carefree Mortgage

Check My Loan Status (http://www.checkmyloanstatus.info)

more about Carefree Mortage

Mexico
Cancun, MX
Los Cabos, MX
Puerto Vallarta, MX

Real Estate Property along Sandy Beach in Rocky Point (Puerto Peñasco)

Free Stuff!

Shop Worldwide