{"id":7424,"date":"2013-10-16T16:24:14","date_gmt":"2013-10-16T22:24:14","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/temp-blog\/?p=7424"},"modified":"2017-08-28T16:14:42","modified_gmt":"2017-08-28T21:14:42","slug":"whats-the-scoop-on-financing-options-for-foreign-home-buyers-in-mexico","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2013\/10\/whats-the-scoop-on-financing-options-for-foreign-home-buyers-in-mexico\/","title":{"rendered":"What\u00e2\u20ac\u2122s the scoop on financing options for foreign home buyers in Mexico?"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignleft\" title=\"money in a piggy\" alt=\"money in a piggy with pig form\" src=\"http:\/\/i255.photobucket.com\/albums\/hh138\/beatlo\/Money\/moneyinapiggywithpigform_zps059b47a6.jpg\" width=\"250\" \/>\u00c2\u00a0When deciding to purchase a <a href=\"https:\/\/www.topmexicorealestate.com\/\">home in Mexico<\/a> you will need to take careful consideration about how you will be able to pay for your home.\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 At this time, banks in Mexico are not financing foreigners for real estate purchases in Mexico; which leaves some home buyers a little unsure about how they will come up with the cash to pay!<\/p>\n<p><i>Don\u00e2\u20ac\u2122t worry!<\/i>\u00c2\u00a0 There are options for foreigners to pay for their home in paradise.\u00c2\u00a0 It is just a matter of reviewing all of the information and choosing the best route for your personal situation.<\/p>\n<p><b>Options for Financing in your home country!<\/b><\/p>\n<p>In general most sellers and developers will ask for a cash payment from the buyer.\u00c2\u00a0 If they are not offering any in-house financing opportunities, here are some ways to make it all happen:<\/p>\n<ul>\n<li>Consider taking a loan against your current home.<\/li>\n<li>Request a personal loan from your bank.<\/li>\n<li>If it is feasible, you can sell your current home and use that money to pay for your new home.<\/li>\n<\/ul>\n<p><b>What if financing in my home country is not an option for me?<\/b><\/p>\n<p><img decoding=\"async\" class=\"alignright\" title=\"Quadra Alea  pool\" alt=\"Quadra Alea swimming pool\" src=\"http:\/\/i255.photobucket.com\/albums\/hh138\/beatlo\/Quadra%20Alea\/QuadraAleaswimmingpool_zps021d0b26.jpg\" width=\"250\" \/>\u00c2\u00a0If none of these options are at your disposal there are still ways to make your dreams of owning a home in Mexico a reality!\u00c2\u00a0 Sellers and developers are becoming more aware of the need for financing options; so with that, more and more motivated sellers are coming up with short term financing plans to offer buyers who need a little extra time to come up with the cash.<\/p>\n<p>Places like <a href=\"https:\/\/www.topmexicorealestate.com\/property\/?n=quadra-alea&amp;art=b296&amp;web=p1\">Quadra Alea in Playa del Carme<\/a>n are offering a nice four year term to those who can put 30 percent down!\u00c2\u00a0 Other sellers are starting to follow suit!\u00c2\u00a0 Ask your Mexico real Estate agent for properties that offer developer financing! <a href=\"https:\/\/www.topmexicorealestate.com\/about-us.php?previous_page=1\">Click here<\/a> to learn more about how a Mexico real Estate agent can assist you!<\/p>\n<p><b>Pay over-time with pre-construction opportunities!<\/b><\/p>\n<p>If you aren\u00e2\u20ac\u2122t in a hurry to move into your new home right away and also need a bit more time to pay, investing in pre-construction, or early development, is a fantastic idea.<\/p>\n<p><b><img decoding=\"async\" class=\"alignleft\" title=\"payment plan\" alt=\"payment plan structure\" src=\"http:\/\/i255.photobucket.com\/albums\/hh138\/beatlo\/Money\/paymentplanstructure_zps5b26c356.jpg\" width=\"250\" \/><\/b><i>\u00c2\u00a0Why?<\/i>\u00c2\u00a0 Because, when you buy very early on in the development process, developers will typically allow you to pay in increments throughout each phase of completion.\u00c2\u00a0 Developments like <a href=\"https:\/\/www.topmexicorealestate.com\/custom-homes\/?n=hacienda-del-rio&amp;art=b326&amp;web=p1\">Hacienda Del Rio<\/a> Custom Homes in Playa del Carmen which are just getting started with construction, are offering a pay over-time program which starts with a down payment, and then a percentage during each phase of completion; final payment being due at home delivery.\u00c2\u00a0 This means that you can start the process and have almost a year or more to come up with the final payment!<\/p>\n<p><b>Your dreams <i>can<\/i> come true!<\/b><\/p>\n<p>Owning a home in Mexico is not a dream that is far off from reality.\u00c2\u00a0 There are plenty of American\u00e2\u20ac\u2122s and Canadians making it happen every single day!\u00c2\u00a0 Each buyer has a different financial situation and has been constructive in finding ways to make their dreams come true.\u00c2\u00a0 Being able to buy in Mexico is not one size fits all!\u00c2\u00a0 There is a solution for everyone!<\/p>\n<p><i>&#8212;<\/i><br \/>\n<strong>Thomas Lloyd<\/strong><em> graduated from Purdue University Krannert School of Management with a degree in Management\/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 16 years. In the summer of 2009, he received the first federally applied <strong>Mexico Real Estate Degree <\/strong>and <strong>Mexico Professional Real Estate License<\/strong> S.E.P. #5978657. He is the president of Top Mexico Real Estate. Contact him at<\/em> <strong><span style=\"color: #0000ff;\">(512) 879-6546<\/span><\/strong>.<\/p>\n<p><strong>The <em><a title=\"Mexico Real Estate\" href=\"https:\/\/www.topmexicorealestate.com\/\" target=\"_blank\"><span style=\"color: #ff0000;\">TOP<\/span> Mexico Real Estate<\/a><\/em> Network; <span><em>&#8220;Mexico\u00e2\u20ac\u2122s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!\u00e2\u20ac\u009d<\/em><\/span><\/strong><\/p>\n<p><a href=\"https:\/\/www.topmexicorealestate.com\/real-estate-videos\/?video=V229&amp;web=Blog\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" alt=\"Livin' Playa video interview\" src=\"http:\/\/i255.photobucket.com\/albums\/hh138\/beatlo\/Banners\/LivinPlaya-1.jpg\" width=\"300\" height=\"100\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00c2\u00a0When deciding to purchase a home in Mexico you will need to take careful consideration about how you will be able to pay for your home.\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 At this time, banks in Mexico are not financing foreigners for real estate purchases in Mexico; which leaves some home buyers a little unsure about how they will come [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[745,1858,13],"tags":[1045,1570,337,336,1517,1568],"class_list":{"0":"post-7424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-how-do-i-get-financing-in-mexico","7":"category-living-and-retirement","8":"category-mexico-real-estate-tips","9":"tag-buying-on-a-budget","10":"tag-hacienda-del-rio","11":"tag-mexico-home-loans","12":"tag-mexico-real-estate-financing","13":"tag-mexico-real-estate-tips","14":"tag-quadra-alea","15":"entry"},"_links":{"self":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/7424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=7424"}],"version-history":[{"count":1,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/7424\/revisions"}],"predecessor-version":[{"id":7425,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/7424\/revisions\/7425"}],"wp:attachment":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=7424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=7424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=7424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}