Many clients  have wondered why interest rates are higher for Cancun properties than for United States Properties.  One reason is that the finance company takes on greater risk when financing property in another country.  Suppose a US citizen finances a Cancun property and moves to Cancun and then defaults on the loan.  It is quite expensive for the US finance company to recover the property.  This is one of the reasons for the higher interest rates.  

However consider this: Cancun and Playa  are the fastest growing cities in the world.  The demand for housing is greater than  the supply-simple economics -Cancun and Playa prices are appreciating on some  properties at rates of 25-40% each year.  This more than compensates you for a slighty higher interest rate.  Also interest paid is deductable on your US tax return.  In short this is an investment that pays for itself. This investment is a no-brainer you cannot loose.

Welcome to First Mexico Mortgage , your source for financing in Mexico.

Recent changes have made it possible for Americans to obtain US mortgages on homes purchased in the resort areas of Mexico.

First Mexico Mortgage is one of the few US mortgage companies that is able to successfully fund and close loans for Americans buying homes in Mexico.

Mortgages in Mexico are available in Los Cabos, Puerto Vallarta , Punta Mita, Loreto, Baja Norte (Rosarito, Ensenada, San Felipe), Mazatlan,

San Miguel de Allende and the Mayan Riviera .

Additionally, we can assist you with all of your home financing needs with your home in the United States!

TERM: 20 YRS - FULLY AMORTIZED
RATES: 7.99 % FIXED FOR FIRST 4 YEARS.
6 MONTH LIBOR + 4.5% FOR THE REST OF THE TERM.
CAP: 12.99 %
ORIGINATION FEE 2 %
MAX LTV 70 %

Puerto Cancun , the most exciting   beach front real estate development in Cancun, modeled on the Fort Lauderdale Plan of a beach front community with off beach  properties having the option of cannel and golf fronts.  This development has 2 miles  of Caribbean Beachfront, Championship golf courses condominiums and estates. is now offering financing and special pre-construction prices.  Click below for more information.   

Other Financing Options

Consider unlocking the equity in your home and using a home equity loan to finance your Caribbean  - Cancun property.  This affords you a low interest rate and a 2nd home tax deduction.

Partnerships

Forming a partnership with a friend or relative and using 2 or more home equity loans is  another possibility.  I talk to people daily interesting in splitting a condo with another party.    Register with me for in my partnership registry and network with others seeking to partnership