BRAND NEW MORTGAGE PRODUCTS NOW BEING OFFERED
One of our major lenders has just come out with a product that we feel is truly revolutionary. This product is mortgage financing for individual condominium units in construction. Yes, you read that right -- we can now provide your financing while your condominium is being built. And this financing can be provided even if the building or development that your unit is in are nowhere near completion!
So what are the benefits for me, you ask? Several. In the typical way of doing business in Mexico, buyers usually put down their 20% to 30%, and then simply wait until the developer has completed construction and is able to pass title. With this program, buyers can now get their financing in place long before their condominium is completed.
This program has several very significant advantages for the borrower vs. a cash purchase, or a financed purchase in which the borrower must wait until the conominium is 100% complete to apply for the financing. Please contact us now for more information.
We also rolled out a brand new product in mid-May, 2009 specifically for high net worth individuals who desire financing on premium Mexico properties. From start to finish, this program offers the absolute best rates and terms of any product available on the market today. Closings can be entirely in the U.S. if desired by the client, instead of having to travel to close with the Notario in Mexico. Please contact us for more information.
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