October 6th, 2008. Filed under: General.
Did you know that depending where your loan is held, you may be able to deduct the interest paid on your Mexico real estate from your US taxes?
The chances are that if your mortgage is held by the US lender who does Mexico real estate loans and that mortgage is paid from US accounts, you can probably deduct that interest but you should check with your tax attorney first!
With the phenomenal growth in Real Estate around Banderas Bay the Tribune is helping sort through the confusion by having your personal Real Estate and Financing/Mortgage questions answered by our local experts - Wayne Franklin, President of one of the Bay's most successful Real Estate Agencies Tropicasa and David Schwendeman and Terence Reilly, Founder's of MEXLend, an industry-leading Mortgage Broker based in Vallarta.
In recently announced results based upon post-closing client interviews conducted by Mexico's largest US lender, MEXLend won the #1 mark of distinction for both client satisfaction and fastest closings. MEXLend can be reached at 322-132-7991 (in Vallarta), 917-779-9061 (while in the US or Canada) or go online at www.mexlend.com.
