We are often asked by prospective buyers at Rivera Cuale, “What are my financing options?” We are pleased to inform you that there are a number of options available to you for financing your home here. Some of our owners have successfully secured mortgages for their homes and are already enjoying life as Rivera Cuale residents.
There are several very professional mortgage brokers in Puerto Vallarta who can place loans both with Mexican lenders and US lenders. Mexican banks are actively marketing themselves in the mortgage business, making attractive loan packages available for foreign buyers.
If you don’t wish to take equity out of a property you own outside of Mexico, you can be prequalified for your purchase quite simply with one of these lenders.
Interest rates have dropped for the first time ever for US Dollar loans in Mexico. The rates have decreased by 1% for 30 year loans, to around 7.75% with a 75% loan to value ratio, and to 7.25% for a 20 year loan.
Being pre-approved for your mortgage is a good way to keep your purchasing timeframe short and manageable. Also, the condo regime and tax ID papers are all in place for Rivera Cuale, so loans can be processed quickly.
We would be happy to refer you to a mortgage broker or bank in Puerto Vallarta so you can start looking into your financing options. We can even give you an idea of your mortgage payments for your Rivera Cuale home once you’ve decided on a particular unit and loan term.
Please don’t hesitate to get in touch with us for more information.
Email: info@riveracuale.com
Toll free from USA & Canada: 1(888)226-0563
From within Puerto Vallarta: 223-3770