Select Mexico Properties

If you’ve been considering a purchase of Mexican real estate for some time, you know that the idea a home mortgage here is something new. Until relatively recently, all property purchases were made with cash. Today however, the situation is completely different. Home mortgages are readily available in Mexico.

If you already own Mexican real estate, you’re lucky! Your property values (especially if you’ve purchased in the Puerto Vallarta area) have likely escalated quite a bit. Under the old system, there was no way for a land owner to leverage the equity in his or her home.

That’s changed as well! You can now refinance your home and take advantage of your equity in Mexican real estate. The refinancing option is an ideal way to convert the equity you’ve built up into cash. It’s also another incentive for people who are considering a purchase of Mexican real estate. Knowing that you can use your equity makes an investment in Mexican real estate a much sweeter deal indeed!

With the refinancing options available here, you can refinance up to 70 percent of your home’s purchase price or 50 percent of the value of your home. Re-fi’s are usually capped at $1 million and come with a variety of terms, one of which will suit your needs.

To refinance an existing property, you would work through a loan broker but be aware that loan brokers are not licensed in Mexico, so you’ll need to do your homework before going through the refinancing process. You’re also likely to benefit by consulting an attorney to make sure you understand your rights and responsibilities.

The ability to refinance properties here is just one more reason to take advantage of the opportunity being offered by Select Mexico Properties right now. Select Mexico Properties has exclusive residential building sites available for purchase right now. You won’t find a better deal than the hillside, ocean-view properties being offered by Select Mexico Properties.

Property values are soaring here right now. If you’re going to take advantage of this one-time-only opportunity, you need to act fast. Contact a Select Mexico Properties sales representative today!

Photo Credit: Daniel Wildman