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Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

How Mexico Compares to US & Canada

Buying Pre-Construction: Cash vs Mortgage

Thinking of buying a pre-construction condo in Puerto Vallarta or Riviera Nayarit? As Mexico real estate is largely a cash market, here’s what you should know about the financing of new development projects in Mexico as compared to the US and Canada.

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Financing Your Puerto Vallarta Home Purchase

Are Mortgages Available in Mexico?

Americans are used to leverage of mortgages, and do not typically put all cash into a purchase. In Mexico, many foreigners use refinancing of properties in their home country to buy properties here for cash.

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Buying Property in US or Canada vs Mexico

CASH VERSUS MORTGAGE

USA and Canada Market. Mortgages are Common. A developer borrows money based on conditions of the lender. Feasibility or viability of the project is based on data: sales prices, sizes, number of bedrooms, features. Lenders can also require other data such as absorptions of similar properties, what amount of inventory is for sale. Will the project come on stream at the time it can be sold and absorbed? Will the projections of sales pay for the mortgage and interest?

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