Most Importantly,
Secure
Financing Solutions With MEXLOAN
Although most real estate transactions in Mexico are still cash-based, options to finance property purchases are available. With the introduction of MEXLOAN, who we have aligned with, has the best mortgage option available for Canadians.
“Mortgages are in Canadian Dollars.”
This is very important as other companies offer financing methods, not mortgages. The currency used is Mexican pesos or US dollars. This can turn risky for Canadian borrowers as the fluctuation in the price of currency is volatile. This can cause you a significant difference in how much you owe on the date of your payment.
The opportunity to borrow in the currency where you make your income is your most constant way to repay your long-term debt for your property. You have eliminated any foreign exchange risk.
With MEXLOANS, the mortgage for your Mexican property can be in Canadian funds, but you do have a choice of either Mexican pesos or US dollars. This is your choice, depending on your risk tolerance.