Buying Real Estate in Mexico?
By: Jason Mogler
Most people mistakenly believe that property ownership in Mexico is off-limits to foreigners. Reality check: Mexican real estate is not only obtainable; it's a wise and exciting purchase option today. (PRWEB) May 24, 2005 -- Most people mistakenly believe that property ownership in Mexico is off-limits to foreigners. Reality check: Mexican real estate is not only obtainable; it's a wise and exciting purchase option today. Mortgage lending could be in store for a shot-in-the-arm in Mexico, according to foreign market experts. Mexico is development has increased in master planned communities in the last few years opening up investment opportunities for foreign investment in Mexico. LenderSquare has joined forces with U.S. mortgage companies to offer loans to U.S. citizens for the purchase of vacation homes in major resort areas in Mexico. The fear in the past has been the security of the home loan in Mexico, but the real estate in Mexico is secured through a Trust. LenderSquare has already developed relationships with developers in Mexico creating several tools and products to increase sell-out projects. This is one of the first programs that will be directly available to the public rather than just developers. The program highlights will be released in July 2005 it will include high LTV (Loan-To-Value) packages and competitive rates. High LTV and low rates are something that the lenders in Mexico are currently missing with their current programs.

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