Real Estate
Bank Financing in Mexico
RESIDENTIAL PURCHASE / RATE & TERM REFINANCE / CASH OUT REFINANCE 30yr loans or 20yr loans CONSTRUCTION lending is at 65% loan to Value utilizing the land as collateral. Rates from 7.5% with approved builders. Construction to permanent loan with a 1 time close and no max loan amount. CASH OUT REFINANCE Clients can now cash out 50% of appraised value with a maximum loan amount of $800,000 15/20/25/30 yr adjustable and fixed rate loans with rates from 5.75% CONSTRUCTION LOANS QUALIFICATION CRITERIA - Client needs a 680 or above credit score to qualify. Loans are available to US and
Read MoreInvesting in Los Cabos
In today’s economy, it is more important than ever to evaluate your investments. In order to preserve your wealth, build assets and enjoy a comfortable lifestyle, you must invest wisely. Owning property in Los Cabos, Mexico provides a unique opportunity to capitalize on a good investment, while also improving your standard of living.With over 2 million people visiting the Los Cabos area each year, and over 1 million Americans now living full time in Mexico, it’s obvious that the appeal of this amazing area begins with the lifestyle offered here. There are few climates in the world that can compare
Read MoreBuying Real Estate in Mexico
Today, the buying process is much easier and better protected. Long gone are the days when foreigners could only lease land. Nowadays, buyers safely purchase properties through professional real estate agencies that use U.S. escrow companies, secure their investments with title insurance and obtain an Escritura Publica–irrevocable ownership under the Mexican Constitution. According to the Mexican Constitution, no foreigner can purchase directly within a restricted zone, which is defined as 100 kilometers (about 62 miles) from the borders and 50 kilometers (about 31 miles) from the coastal shores. This includes the entirety of Baja California. Foreign individuals are, however, permitted
Read MoreSelling Real Estate in Los Cabos, Mexico
When you want to sell your property, you have to consider how to market and attract potential buyers. First, you will want to inform the public about the qualities and attractiveness of your home or condominium. Select a general real estate company to help. Choose a company with a good reputation; one that is well thought of in the community. You’ll want to work with respectful real estate agents and brokers. Make sure to choose a company with a business approach that reflects you and your home, as well as the service you would expect to receive if you were
Read MoreFAQ's About Cabo San Lucas Real Estate
Here are the FAQ's you need to be informed about real estate in Cabo San Lucas, Mexico. What is Fideicomiso? "Fideicomiso", or bank trust, is defined for real estate purposes as transaction entered into between a Mexican bank and foreign individual or firm investing in areas otherwise restricted to foreign investment, with the bank serving as trustee or legal owner with respect to a certain real property interest and the investor serving as the legal beneficiary of the trust. The bank holds title to the property in trust for the beneficiary who retains the exclusive right to the use
Read More