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News: Mortgages in Mexico
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Recently, Los Cabos Loans.com successfully closed mortgages for Americans buying homes in Los Cabos and Puerto Vallarta and expects to be closing many more throughout Mexico in the coming weeks. Los Cabos Loans.com is one of the few US mortgage companies that has been able to fund and close affordable loans for Americans buying homes throughout the resort areas of Mexico.
Reliable mortgage financing for Americans buying homes in Mexico is a landmark event. In the coming months and years this new development will have a significant impact on Mexico's booming resort area real estate market. In the past, Americans purchasing homes and condos in Mexico were required to pay all cash unless they were able to obtain seller financing. With the availability of US title insurance, as well as changes in Mexican law regarding foreclosure procedures, major US lenders have entered this burgeoning market. Los Cabos Loans.com represents institutional lenders as well as private lenders. Areas currently served are Los Cabos, Puerto Vallarta, Rocky Point, Baja Norte (Rosarito, Ensenada, and San Felipe) Loreto, Mazatlan, and San Miguel de Allende. Refinancing of existing mortgages, commercial and construction loans is also available.
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