Americans Can Now Finance Homes in Mexico

An American mortgage company, now offers financing for Americans buying homes in Mexico at 7.99%, 30% down. Americans are paying cash to buy homes in Mexico at a record pace now. This will double the already huge baby-boomer demand for Mexican homes and condos.

(PRWEB) January 3, 2006 -- For the first time in history, Americans can finance homes or condos in Mexico with an American mortgage company.

Expatriate home buyers in Mexico are not just retirees. Many Americans are retiring to Mexico, but many more are in their 50's, seeking a less stressful lifestyle.

Americans are buying homes and condos in record numbers, paying cash or exorbitant interest rates for short-term loans. Now that mortgage financing is available, 1st American Mortgage of McLean VA, can help more Americans realize their dream of living in Mexico.

“This is one of the biggest changes in Mexico in the last thirty years,” according to “Mexico” Mike Nelson, well-known expert on living and traveling in Mexico, author of a dozen books on Mexico including “Live Better South of the Border.” Mr. Nelson has been recognized by the “Wall Street Journal,” “New York Times,” “Los Angeles Times” for his knowledge of living and traveling in Mexico. His website, www.mexicomike.com has about 100 pages of free information about traveling in Mexico.

1st American Mortgage has been authorized by the Mexican government to offer twenty-year loans to Americans financing retirement or second homes Mexico. Loans are 7.99% fixed rate for the first four years, adjustable after that. Down payments are thirty percent. For details, see http://www.mexicomike.com/realestate/mexico_realestate_financing.html or call 512-351-4058.

Popular retirement areas are Cabo San Lucas and other areas of Baja California, San Felipe, Pto. Penasco (Rocky Point), Mazatlan, Pto. Vallarta, San Miguel de Allende, Lake Chapala, Cancun.

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