Peso Mortgages For Americans and Canadians
Now Available!!!
As of
right now there are no USD Mortgages for Americans and Canadians being offered
by any bank or financial institution in Mexico, though as we said in our last editorial/newsletter,
a program in the works.
However,
a new Peso Mortgage Program for Americans and Canadians has just been launched.
The
program will approve American and Canadian Loan applicants based on their US or
Canada credit history, employment and income verification.
Here are
the terms:
Minimum
loan - $50,ooo usd.
Max. will determined on a client qualification
basis.
Loan to
Value (LTV) – 60% of the price or appraisal value, whichever is lowest.
Interest
rate – Starting at 9.9% annually.
Term – 20
yrs.
No
Prepayment penalty applies.
DTI – 33%
back end.
Credit
Score – 680 or better.
WE WOULD
LIKE TO WELCOME EDGAR VALDEZ FORMERLY WITH SCOTIABANK'S MEXICO VACATION HOME
USD MORTGAGE PROGRAM TO OUR TEAM AS A CORPORATE PARTNER AND DIR. OF OPERATION IN THE CENTRAL (EDO. DE EXICO D.F.), NORTE Y OCCIDENTE AREAS.
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