Це відео не доступне.
Перепрошуємо.
Financing in Mexico - 7 options to buy real estate
Вставка
- Опубліковано 14 сер 2024
- Is it possible to finance your real estate in Mexico? This video explains 7 different ways it is possible to finance your property in Mexico. I will discuss developer financing in Cabo San Lucas, bank financing, cross border lender options among others.
0:00 Introduction
0:15 7 options to finance real estate in Mexico
0:55 Developer Financing
1:25 Usually 5 years, 5-7% interest rates and 50% down
2:05 Cross border lenders
2:11 Global Mortgage
2:27 Generally interest rates from 7-10%
3:04 30% down fixed rates at 15, 20 or 25 years
3:15 Seller financing
4:04 Mexican bank financing
4:23 10-12% interest rates
4:57 15. Private lenders & crowdfunding
5:35 Home equity line of credit (HELOC)
6:05 Self directed IRA monies
If you need to get in touch with me for help with real estate in Los Cabos, please reach out at fletcher@remexico.com
I submitted a message through the website, but I will also email you. Do you have listings for non-millionaires? Thanks
@SOKCHANNYFINANCIAL
Very well put information
Very helpful as we consider purchasing- thanks for sharing
I'm privately-financed
Don't find a lot of that in the u.s.a.
most people are not willing to risk
I put $17,000 down when they wanted $20,000 but they didn't lower the price either
almost paid off
eight months to go of seven years
a quick term the only way you should Finance
It would be great if there was more information on these and more of them
Can you reply with who your lender was?
@tw4943 it was a private owner.
Are you interested in buying this home in Winnemucca NV?
I can Finance it myself.
I'm the owner now.
Very helpful & informative!!!
Thanks for posting this video Fletcher. This is great insight.
Of course, happy to help! Thanks for the feedback.
Thank you for your videos. You are straight to the point and make a lot of sense to those that do not know how it works.
Thank you Denise! That's my goal. Let me know if I can help out with any other info.
@@fletcherwheaton I sure will. Again, thank you so much!!
Your videos are really good ... I hope the followers increase
Thanks for the love Carlos, the followers are coming! I am growing this channel organically and have never asked anyone I know to follow me. That way it makes it easier to gauge the quality of what I am putting out.
Followers don't always impress others
priceless info thx
I am from Canada and we are coming to Cabo in February 2023
Get a private loan a 3-5% pay for the property cash
I am in the USA, where should I start looking into?
I live in Hawaii and I realize I cant retire here since its way to expensive . My goal is to buy a place in Cabo in next 2 years
Feel free to shoot me a message at cabokey.com, I can send you some listings or answer any questions.
Take a look @ Merida Yucatan. 30% less to live than Cabo. I know. Lived in both areas. Merida is a very conservative place to hang your hat!
global mortgage requires a minimul loan of 250k dollars. what about for smaller loans for cheaper houses say a 50k house with 6k down?
What % down for Global Mortgage? Is Seller Financing like "land contract" in the USA? Interest rates are high historically in Latin America because inflation has typically been higher. The only thing that matters is the 'real interest rate' (Rate minus inflation).
Global Mortgage/Moxi will finance up to 65% of the amount depending on credit score. Seller financing is rare, usually 5% and only for 3-5 years. Mexican getting a mortgage now would be paying around 10% or 11%
@@fletcherwheaton Thanks
Where do the rates for Global Mortgage land these days?
Have you very been in Mexico Estado de México?? At the north area as Cuautitlan Izcalli, it is so close from Mexico city and have everything to give the american good quality life
Good info thank you
Thanks for tuning in Lorraine!
Have you very been in Mexico Estado de México?? At the north area as Cuautitlan Izcalli as invest to retired , it is so close from Mexico city and have everything to give the american retired people good quality life...h
Great! Thank you sir
Have you ever been in Mexico Estado de México?? At the north area as Cuautitlan Izcalli as invest to retired , it is so close from Mexico city and have everything to give the american retired people good quality life... I visited Mexico City and I think that this place need some invest it could be cool for retirement and heritage a land with value ... principal is in the Valle of Mexico and I can drive to many differents towns, and its not too expensive as buy in Mexico
I don't know the area that well but thanks for the info.
@@fletcherwheaton I visited Mexico City and I think that this place need some invest it could be cool for retirement and heritage a land with value ... principal is in the Valle of Mexico and I can drive to many diferents towns, and ia nor roo expensive as buy in Mexico City... your welcome a its cool your channel
@@ParraguezPinto thanks for the support! I look forward to visiting cdmx and areas close by soon.
Nice
Hello, if we buy $90,000 property in Cabo, could we get financing too? Is there a minimum loan amount that we have to take out?
Most expat lenders would have a minimum lending amount of 100k.
I looked up global mortgage and it seems they want a minimum of 35% down and a minimum 150k loan. I’m 24 and I can’t actually afford this😅. It’s all good I’ll keep looking once I officially move to Mexico. Probably later this year. My price range seems to be a maximum of 1.8 million pesos. (For now)
Got it. Global Mortgage is now officially Moxi. They only lend in USD I believe.
If you're 24 years old what are you going to do for income in Mexico?
@@fletcherwheaton I could only do $150,000 if living there was significantly cheaper than the USA
say 20 to 30%
I hope it's easier than that
@@fletcherwheatonheard a few things about Moxi, some good some bad. What have you heard?
Where can I find more cross-border lenders? Do they give loans in the US or in Mexico?
Quick question: I finally because a Mexican and work in the USA but wanted to buy a house in Mexico. What are some of the prerequisites in buying a home here?
Edit bro
@@kevintewey1157 ???
Hello, can you put me in touch with Bernard? I want to use self directed IRA funds to buy a property here in mexico
Clay Malcolm - CMalcolm@advantaira.com
If I have dual citizenship would there be other options?
Do you have a credit history in Mexico? Borrowing from a Mexican bank would have significantly higher interest rates than the US. If you don't have credit history here or a taxpayer ID, that option would be out. Moxi (formerly Global Mortgage) and Intercam are the most popular options for expats here.
Can you share some resources for private lenders?
Hola Louisa, most private lenders I would work with would be friends, family or business associates. Private funding on the institutional side is always more expensive.
What if I'm a Mexican sitizen I live 8n California i want to buy a house in Playa del Carmen any advice the home is worth 100000 dollars i only have $30 000 dollars
Hi!! Do you now which mexican bank lends morgages to foreigners??
Very few Mexican banks will lend money to a foreigner who has no income history/credit history in their country. Plus they are expensive 9% + interest rates right now.
@@fletcherwheaton yep, second that comment. Best bet for time being is an expat loan, by far.
What ever you do not use a fideicomiso to buy anything. Use a mexican copration or get mexican citizen ship
Why?