Press Release Summary = Los Cabos Loans.com announces successful funding of mortgages to Americans buying homes in Mexico. Home loan financing in Mexico is in its infancy.
Press Release Body = Los Cabos Loans.com announces successful funding of mortgages to Americans buying homes in Mexico. Home loan financing in Mexico is in its infancy.
Recently, Los Cabos Loans.com has successfully closed mortgages for Americans buying homes in Los Cabos, 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 and construction loans is also available.
"I always wanted to purchase a second home in Los Cabos but was discouraged by the fact that I had to pay all cash. My realtor told me about Los Cabos Loans.com so I decided to give them a try. They were able to obtain a loan for me and help guide me through the closing procedure. Without them I never would have been able to purchase the home. The level of personal service was superb, they really went the extra mile to see this loan close\" said Terri Stevens, new Los Cabos homeowner.
A sample purchase program: Four year fixed rate with 20 year amortizing loan. Full income documentation only. The program offered has an adjustable rate feature, where the initial interest rate and payment amount can change semi-annually after an initial 7.99% fixed rate for a period of 4 years. Other requirements and conditions may apply. Full terms and conditions can be viewed at www.loscabosloans.com and www.costaazulloans.com.
\"US mortgages in Mexico will open up the ownership possibility for a whole new set of buyers interested in purchasing second or retirement homes in Mexico. In the past, if a buyer wanted to purchase a home in Mexico they generally had to pay cash. Los Cabos Loans.com can assist qualified buyers in obtaining affordable financing,\" said Mary Patterson, President of Los Cabos Loans.com. \"This new demand and the ability to satisfy it with reliable US financing will undoubtedly have a profound effect on the Mexican resort area real estate market.\"
Los Cabos Loans.com employs originators in Los Cabos and Puerto Vallarta and is currently seeking other qualified originators throughout the resort areas of Mexico. Additionally, Los Cabos Loans.com seeks to represent other qualified institutional and private lenders interested in lending in Mexico.
About Los Cabos Loans.com: Los Cabos Loans.com and Costa Azul Loans.com are affiliated with a licensed mortgage broker. Mission Viejo, CA. based Los Cabos Loans.com and Costa Azul Loans.com represents institutional and private lenders. Mary Patterson is a licensed loan officer and has extensive knowledge of the Mexican real estate market. She may be contacted at (949) 425-1002 or loscabosloans@cox.net.
Web Site = http://www.loscabosloans.com
Contact Details = Contact: Briant Patterson, Director of Public Relations Los Cabos Loans.com (949) 425-1002 http://www.loscabosloans.com http://www.costaazulloans.com
2022
