Financing in Mexico

Financing

Financing in Mexico

Financing in Mexico is not the same as it is in the US or Canada. No bank in the state or Canada will give you a loan to buy a property in Mexico. So, you have to look at your options. 

Let us keep in mind that owning a property in Mexico is a dream. Not a really a necessity. It is usually a second home. A home away from home. 

Most people that buy a property in Mexico do so by paying cash. 

Financing is available through a private lender in Mexico.  However, you must be ready to pay higher interest rates of up to 14% 

In most cases you are only given up to 60% of the total value of the property you want. This means that you still have to come up with 40% of the total value. 

If you are interested in more details please contact us.