Yes! You Can Finance Your Purchase in Mexico

More than a million Americans and Canadians are currently living in Mexico! Why?
Well, consider that about 70 million baby boomers in the United States are set to retire within this decade, and many others have the resources and desire to set up and enjoy second and third homes. Most of them are financially more secure than previous generations, despite current turmoil in the stock market and elsewhere in the US economy. With over 15,000 Americans and Canadians turning fifty-five each day, and home values in the warm coastal climates of California, Florida and Hawaii being at an all time high, the result is the fact that Mexico is rapidly becoming the prime alternative for U.S. and Canadian retirees to see out their final years.

Suffice it to say, being able to buy beach front and beach commuity property in Los Cabos at a much lower price you would pay for it in the United States is a huge and obvious incentive.
Add to that a much lower cost of living, breath-taking coastal views, tropical or desert weather, uncountable activities including numerous golf and fishing tournaments, and you see why south of the border, and Los Cabos in particular, is the place to invest and to live for those looking to their future retirement or planning to spend significant amounts of time in a second or third home.

But until recently, mortgage loans in Mexico were not available with financing terms that Americans were accustomed to. Real estate financing offered by developers predominantly included high interest rates and payment terms over very short periods, which made loan payments very unattractive. Thus, the vast majority of Los Cabos home purchases by North Americans were all cash transactions which would often require use of all or most of the buyer’s savings, or require sale or leveraging of US assets.

Luckily the mortgage market for US citizens buying in Mexico is changing. Starting about three years ago, financial institutions from the US and Mainland Mexico entered the Los Cabos and other Mexican real estate markets with financing terms that US and Canadian Citizens can now embrace comfortably.  Among the lending institutions currently in the market and lending to Americans and Canadians are GE Money, Laredo National Bank, and BaNorte. Mortgage brokers with expertise in international lending strategies, such as Baja Capital Mortgage, Conficasa, Platinum Capital and Stewart Financial will provide you with knowledge in the Mexican as well as US and Canadian market programs.
If you would like to be become pre-approved for purchasing prior to your visit to Los Cabos,  or if you would like to be contacted directly by an EXPERIENCED Los Cabos mortgage specialist, visit www.bajacapitalmortgage.com or  www.conficasaloscabos.com 

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Additional Informational Links:
 • Mexican Tax Laws
 • Baja Relocation
 • Articles on Financing
 • Cabo Living
 • Fractional Ownership