Easy New Ways to Borrow Money in Mexico
By DevSupport on March 26, 2013
MEXLend, the reputable Mexican mortgage brokerage firm, has recently
announced three new loan options making it easier than ever for
foreigners to finance real estate in
Puerto Vallarta and Banderas Bay.
US dollar lending options became unavailable in large bands like Compass, BBVA
and Scotiabank, MEXLend indentified the need for dollar mortgages for foreigners purchasing property in Mexico and has formed strong financial
Terence Reilly recently announced new funding options for Mexican properties offered by MEXLend
and stated that most of the programs are well-suited as bridge loans as
they do not have a pre-payment penalty.
new loan options are as follow:
Program A: Offers 60%-50% financing (40%-50%
down) for up to 20 years with a mortgage in Mexican Pesos with a Mexican bank
for qualified borrowers.
Program B: Offers 65% financing (35% down) for
up to 20 years with a mortgage in US Dollars with a US lender for qualified
Program C: Offers 70% financing (30% down) for
a 20 Year Amortization with a 3 to 5 year Balloon Clause.
With so many easy new ways to foreigners to
finance real estate in Puerto Vallarta
and Banderas Bay, your dream home in
Mexico has never been more within
Photo: The Park, the new development in Puerto Vallarta
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