Mortgages and Financing
Traditionally in Mexico, properties have been paid for in cash. In the past
year, however, banks and other lenders from the United States have begun investing
in Mexico and mortgages are now available in Yucatan for both American and Mexican
citizens (and soon for Canadians). These lenders use the house you buy in Mexico
as collateral for the loan. If you think you may want to buy your house in the
Yucatan using a mortgage, we suggest you obtain pre-approval before you go house-hunting.
You may find you can afford a larger or more expensive home than you thought!
We recommend contacting Ellen Fields at Mortgages
in Merida a few weeks before your visit here so you can start the pre-approval
process. It remains very difficult to obtain financing in most areas. Many sellers
also refuse to accept a transaction involving financing, both because of the
delay and uncertainty involved, and for tax reasons.
i-Finance
i-Finance will assist you for all your Financial needs Buying Property in
Mexico
Visit i-Finance Website
ConfiCasa
ConfiCasa offering Americans and Canadians Mortgage and Finance Solutions
Buying Property in Mexico
Visit
ConfiCase Website
Granite MX
GraniteMX is offering a loan programs for U.S. and Canadian citizens throughout Mexico.
Visit
Granite MX Website
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