Buying a vacation home, particularly if you are paying a mortgage on your primary residence, can seem daunting. Can you really manage two mortgages simultaneously? But if you are considering buying a vacation home in Mexico, then the answer is yes!
In resort areas of Mexico like Los Cabos, Puerto Vallarta and Playa del Carmen, or in areas that attract a lot of expats or snowbirds, like San Miguel de Allende or Merida, finding both long and short term renters is easier than ever. Sites like VRBO, Airbnb and Homeway making putting your home on the vacation rental market in Mexico easier than ever. Many developers are also attracting foreign buyers with in-house property rental services, meaning that owners can maximize the investment potential of their property in Mexico without any hassle.
Putting your home in Mexico on the long term or short term rental market means that you can not only use rental income to pay the home mortgage on your property, but many owners are further able to generate positive cash from their investment property as well.
The ease of putting your home on the vacation rental market coupled with MEXLend’s ability to help you secure a home loan in Mexico means that owning a vacation home many now be well within your reach. Contact us for more information about home financing in Mexico and take a step towards investing in your future lifestyle.
Click here to learn more about mortgages in Mexico with MEXLend.
