25 YEAR FIXED INTEREST RATE NO HIDDEN FEES
- Fixed interest rates from 8% – 9.9%
- Purchase and cash out loans available
- Fully amortized term up to 25 years
- No balloon payments
- Mortgage interest reported in USA (potentially tax deductible)
- No foreign exchange risk (originated and service in the USA)
Moving to Mexico or purchasing a vacation property? Let Western Mortgage Network assist with the financing. Historically a cash market, buying real estate in Mexico has meant Americans have needed to come in with all cash purchases. No longer.
Let WMN assist in keeping your cash in your pocket, and realize the joy of sipping margaritas in your home south of the border.
Loans are underwritten according to USA conventional guidelines. Funding and loan servicing are also performed by American financial institutions.
If you purchased your property when financing was not available, take advantage now and pull out up to 60% value of the property with a cash out refinance. Use the funds to pay off the developer financing, remodel your current residence, purchase another property, or simply put cash in your pocket.
GUIDELINES
Maximum Loan Amount $2,500,000
Minimum Loan Amount $250,000
Maximum Loan to Value 60%
Primary, Secondary, and Vacation Property
Available for all Mexico
Loan Terms 15, 20, 25 years
Process:
- PRE QUALIFY – find how much you qualify to borrow
- APPLICATION – complete a full application including submission of income and property documents
- LOAN APPROVAL – once approved further conditions gathered and key items from 3rd party vendors will be ordered.
- CLOSING – completed in the office of a public notario, take advantage of translation services offered for a smooth closing
- STAY IN TOUCH – owning property in a foreign country can be confusing. Stay in touch and let us help resolve any of your property or loan concerns
