Select Mexico Properties

For many years, buying property in Mexico was difficult. Mexican home sales were conducted largely on a cash basis. Many people were concerned about the safety of their investments and many people were taken advantage of. Changes in Mexican law and the recent introduction of the Mexican mortgage mean that more people than ever are buying Mexican real estate.

If you’re considering the purchase of real estate here, you may want to consider your Mexican mortgage options. You can find long-term mortgage products, exactly like those you’ll find in the United States, here in Mexico. You can get a mortgage denominated in US dollars or in Mexican pesos.

For many years, pesos were considered unstable because the government often devalued the peso, and usually without warning! These days, the peso is stable and hasn’t been devalued in years. Although a peso mortgage may have a higher interest rate, you may find it more convenient to have a peso-mortgage.

US-based lenders will now lend for the purchase of Mexican real estate. Prior to the change in Mexican law, lenders were reluctant to issue loans because ownership rights were often challenged and banks had little recourse if the property dispute was not settled in favor of the mortgagee. With the institution of “foreign-owner friendly” laws regarding real estate in Mexico, and with the introduction of the Mexican mortgage, banks are much more willing to underwrite the purchase of property in Mexico.

We can provide you with a list of lender referrals if you would like to obtain a Mexican mortgage for the purchase of property through Select Mexico Properties. Please take a look at the parcels we’re offering and see for yourself the value you’ll get by purchasing real estate here. When you’re ready to move ahead with your purchase, please contact a Select Mexico Properties sales representative!