BY BRIAN MENGES Is it interesting for Canadian and Americans to borrow in Canadian dollars (CAD). Intuitively, the benefit of a Canadian financing the purchase of real estate in Mexico using CAD is obvious – there is no exchange rate risk for the Canadian borrower, but the benefits don’t end there. Borrowing in CAD may […]
Tempted by low interest rates to borrow to purchase your property in Mexico? Lenders will entice you to start negotiating with them by promoting low interest rates within the Mexican comparative market. Remember that rates are higher in Mexico than they are in the rest of North America, for more on that read our article […]
When you made your offer to purchase or signed your promissory contract with a developer on a preconstruction project, it is probable that financing was not available. So, you used your own resources whether they were your savings, or you borrowed against credit available in your country. Now financing is available for foreigners purchasing property […]
You’ve made the decision to purchase real estate in Mexico and you will need to finance part of the acquisition. You realize that you can’t get financing in Mexico as you are not a permanent resident, and you don’t have a credit history in Mexico. Your bank won’t lend to you to purchase real estate […]
If you’re shopping for a property in Mexico and need, or want to, finance your purchase, you may be surprised by the high interest rates of borrowing. As of June 2023, the average lending rate for mortgages in Mexico was 11.18 % and as high as 12% with some Mexican Banks. For the same period […]
Until now, most of Mexico‘s real estate deals were concluded with cash payments. Particularly those concluded by foreigners. This is the easiest way to buy real estate but getting a hold of that much cash may be difficult. Most foreigners postpone their acquisition dreams because of a lack of sufficient capital as borrowing was not […]
Not enough cash to buy your ideal Mexican property? Introducing MexLoans as your financial partner to make your dream come true.
Until now, it was impossible for foreigners to obtain financing to purchase real estate in Mexico. Mexican institutions do not lend to foreigners because they don’t have a credit history in Mexico, and they disregard the equity that foreigners have in their home country.