GoMex Funding, LLC Launches -- Mortgages Available for Properties in Mexico
GoMex Funding, LLC now offers cross border mortgages to U.S. citizens purchasing property in Mexico. Until recently, it has been very difficult to obtain traditional mortgage financing on Mexican property. Purchasers have traditionally paid cash or utilized developer financing for Mexican homes. Cross border mortgages now give U.S. citizens the ability to purchase property at competitive rates.
St. Paul, MN (PRWEB) January 23, 2007 -- GoMex Funding, LLC (www.gomexfunding.com) is pleased to announce the offering of mortgages to U.S. citizens purchasing property in Mexico. Until recently, U.S. mortgage financing on property in Mexico was extremely limited. Until now, most American's purchasing property in Mexico either paid cash or utilized developer financing at very high interest rates with payment terms over a short period of time. GoMex Funding now offers a low cost alternative to these buyers.
Today, mortgage financing brings more choices to U.S. citizens. The ability to now finance real estate in Mexico makes it more affordable to people who are not able to pay cash and to those who do not want developer financing. These cross border mortgages can be obtained by contacting a reputable mortgage broker. Although the process of purchasing property in Mexico has become easier over the past few years, there are still several items unique to foreign ownership of Mexican real estate, adding complexity to the transaction. A mortgage broker such as GoMex Funding not only helps obtain the appropriate mortgage product, but also helps secure your interests by managing the transaction from beginning to end.
The ability for U.S. citizens to now finance real estate in Mexico through a traditional U.S. mortgage lending process is an opportunity that opens foreign home ownership to many people. Although many American's have lived in Mexico for many years, GoMex Funding and other financiers will continue to contribute to Mexican real estate growth through competitive rates and new mortgage products.
About GoMex Funding, LLC
GoMex Funding, LLC (www.gomexfunding.com) was founded in 2004 as a premier cross border mortgage lending company. GoMex is headquartered in Minneapolis, MN with additional offices in Tucson, AZ. GoMex Funding's team of professionals are dedicated to making the financing transaction easy and smooth from start to finish for purchasing or refinancing real estate in Mexico.
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