If you are thinking about buying property, consider renting first to see if Mexico and the community that you have chosen are right for you. During that time, talk to others to see what their experiences have been. If you do choose to buy, you will need to work with a reputable notario publico (real estate lawyer); typical notario publico fees are 3%.
You will find real estate offices throughout Mexico, but remember real estate agents are only beginning to be licensed or regulated; make sure you work with one who is well recommended.
Land and Construction
Something to consider is buying land and then building your home from scratch. This can cut the cost of purchasing a home in half. If you choose to build you will need a reputable engineer and architect, and you will need to supervise the work on a daily basis.
In many areas of Mexico, the construction is all by hand since there are few pieces of heavy construction equipment available and labor is cheap.
Cost of Living
The cost of living in some remote areas like Cabo San Lucas, where almost all goods must travel a long way, can be just as high as Continue reading “First Considerations in Buying Real Estate in Mexico”
With the widest array of programs available in Puerto Vallarta, we can provide you with the program that will meet your needs.
We offer the lowest down payments, and everything from fixed to adjustable rates.
Here is a sample of one of our loan programs:
- 30-year fixed rate
- Buy Down option
- Start rate as low as 6.00%
- 2 year pre-payment penalty may be bought out
- 80% maximum Loan-to-Value
- Minimum FICO score of 650
- 50% maximum Total Debt Ratio
- Guarantee Trust on ALL transactions
- Purchase, Rate / Term, and Cash-Out Refinance available Continue reading “Sample Mortgage Loan in Puerto Vallarta”
With our competitive programs and competitive rates, you don’t need to utilize a high-rate program from a developer.
We are confident we have a program that will fit your needs.
Mortgage Rates & Financial Services
||10, 15, 20, 25, 30 year loans
||1, 3, 5, 7, amortized over 30 years
|Interest Rates from:
||Adjustable rate loans
||With 3, 5, 7, and 10 year options
||Short term Fixed programs
||Stated & bank statement loans
||Minimum Fico score
||Minimum Loan Amount
Paradise Mortgage, over the course of many years, has developed relationships with lenders, investors, and banking institutions to ensure we can find the best option and a program to meet your needs.
Financing is available for:
- Purchase, Refinance, Cash-Out
- Residential, Commercial, Construction, Land/Lots
With the widest array of programs available, we can provide you with the program that will meet your needs. We offer the lowest down payments, and everything from fixed to adjustable rates.
We can show you the perfect loan when buying property in Mexico.
As a financial planner, Rick Slatton can show you how to own the dream home you always wanted in Mexico. Rick, along with Pacific Paradise Realtors and Paradise Mortgage, can provide you with Purchase and Cash-Out Refinance loans.
Learn more about how financial planning can improve your next real estate transaction. Call our Marina office at (322) 209 0615. You can contact Rick direct at (322) 133 2429 in Mexico, or (541) 255 2322 from the U.S. and Canada. If the line is busy, please call back or write Rick@OldVallarta.com.
Puerto Vallarta’s first and only one-stop real estate shop.
Residential, Commercial, Financing, Legal, Insurance, Rental, Property Management
“Real estate gives me the ability to use my financial planning skills when I help someone buy, sell, or rent a home,” explains Puerto Vallarta-based real estate agent Rick Slatton.
That approach gives Slatton an advantage over more traditionally-focused agents. “I think there are agents who sell,” he explains. “I don’t sell. For me, it is my job to sort out what my clients really want and afford, and to help them find it. With buyers, that means making sure they find a house they’ll enjoy, rather than just trying to make a sale.”
For Slatton, that means listening to what clients tell him, and, based on that, offering options they may not have considered. “I had a client who said Continue reading “Financial Planning for PV Real Estate”
The best in luxury condo living in Amapas with every detail in mind.
Ventana Del Mar is conveniently located just five minutes south of downtown Puerto Vallarta.
The 10-story tower has only 8 units , one large condominium per floor making your living Continue reading “Ventana Del Mar #4 Reduced to $549,000 with Owner Financing”