San Diego, CA (PRWEB) January 16, 2008
Finance North America announced today its latest offering of construction financing for Canadians and US citizens who wish to purchase property in Mexico. Construction financing, also known as "Pre-Sale", from Finance North America will allow Canadian and American citizens to finance the construction of a house or condominium in select developments throughout Mexico. With Finance North America's construction and pre-sale program, consumers are able to take advantage of one closing and financing from construction to perm with the following parameters:
- 75% Loan to Value (LTV)
- Interest Rates from 7.59% - 8.75% for permanent and construction
- Minimum loan amounts of $50,000
- Full and Alternative Income Documentation
"We believe this new construction product fills a large void in the Mexico resort real estate market. Finance North America is proud to be known as a solid, reputable lender in Mexico, having been awarded for the most loans funded in U.S. dollars for 2005, 2006, and 2007. This designation provides peace of mind for the buyer along with a familiar lending experience." - Russ Schreier, CEO, Finance North America
For additional information about Finance North America and their construction financing options for Canadians and U.S. citizens purchasing Mexico real estate, please visit http://www.financenorthamerica.com.
Finance North America -- Finance North America, Inc. specializes in providing mortgage financing to U.S. and Canadian citizens on real estate transactions in Mexico. They offer not only purchase and refinance lending, but also construction loans that convert effortlessly into permanent financing. Finance North America has over 25 years of experience in the mortgage and real estate industry and has a proven track record managing a variety of successful lending transactions on Mexico property. Finance North America successfully closed the most financing transactions in the Mexico mortgage business in 2005, 2006, 2007.