Pamela Martin del Campo Joins Mexico’s Largest Mortgage Broker to Facilitate Peso Loan Program
PUERTO VALLARTA, Mexico — September 29, 2008 – Leading Mexico mortgage broker MEXLend today announced the addition of Pamela Martin del Campo to the Puerto Vallarta office. Ms. Martin del Campo will head up the office management as well as assisting [...]
Leading Mexico mortgage broker MEXLend closed a record number of mortgages for 2008, proving that despite the dire circumstances of the American financial market, Mexico’s mortgage industry is not only healthy, but thriving.
“This has been an excellent year for purchasing property in Mexico,” says Terence L. Reilly, CEO of MEXLend. “The real estate market is [...]
Q: What is a Trust and why is it needed? Alicia M., Vancouver, B.C.
A: For historical reasons, the Mexican Constitution forbade foreigners from buying property in designated restricted zones. These zones are comprised of areas near the Mexican border and areas near the coast. The advent of the Trust became a device whereby the [...]
Here’s a great Q&A from the guys at MEXLend about the security of Mexican property:
Q. “How secure is my property if I purchase in Mexico?” Chris M. – San Francisco, CA.
A. Very secure. In the “restricted zones” along the coast or near the border, foreign buyers are required to place the property in a Trust [...]
What are the advantages and disadvantages of incorporation & citizenship?
The major advantage of incorporation or citizenship is that you can avoid having to maintain a trust. The Mexican government views a Mexican corporation as a citizen and therefore no trust is needed.
The costs of forming a corporation can vary greatly, but it is safe [...]
Here’s an interesting story from the PV Mirror on what makes Mexico one of the best places to retire.
Fortunately, the part about most purchases being cash-only is no longer true. While it used to be that all property purchases were cash deals, the rapidly expanding mortgage market now offers numerous options to both foreign and [...]