Mexico is a popular destination for expats from the US and Canada
About Mexico
If you are reading this, you have fallen in love with the magic that is Mexico and its rich cultural heritage and wonderful people. In fact, when asked “Why Mexico?” by friends and family the most repeated response is simple… “the people.”
We won’t go into the fascinating details of the evolution of the history and culture of Mexico on this page, but there are very pertinent facts that you should know as they pertain to your investment.
The Mexican economy has been extremely stable for many years and in fact, they are one of the top 10 economies in the world. The Mexican people are rightfully proud of their emergence onto the world scene and you can be assured that there are no foreseeable changes in the future.
The advent of NAFTA in 1993 has been the driving force behind this economic miracle by opening Mexico up to foreign investment and stabilizing their currency.
Having come through the crisis, real estate investments in Mexico have been showing returns comparable to the hottest markets in the U.S. and Canada. Mexico is going strong.
Why is the Mexican real estate market bucking the trend of its northern neighbors?
Perhaps the strongest factor in this phenomenon is the fact that while prices for real estate are climbing in Mexico, they are still affordable.
Mexico’s resort areas rank among the finest in the world and the Mexican government is committing vast resources into the infrastructure of these areas to ensure that they continue to attract investment.
Proximity
Getting to Mexico is very easy for both from the United States and Canada. Most major cities offer non-stop flights directly to major tourist areas and there are more being added every year.
The “boomer” generation
The enormous amount of accumulated wealth by the boomer generation has never been matched. Today’s U.S. citizens and Canadians are much more adventurous than their predecessors. Instead of settling for Florida many are investing their real estate dollars in Mexico.
Few people can resist the magic of Mexico and now that financing is available, it is much more attainable for all.
Mexico is a popular destination for expats from the US and Canada, particularly retirees. Some of the reasons why it is good to have a mortgage in Mexico include:
- Lower costs: Property prices in Mexico are generally lower than in the US or Canada, so financing a home with a mortgage can be more affordable.
- Currency exchange rates: The exchange rate between the US dollar and the Mexican peso can fluctuate, which means that paying in cash may not always be the best option. A mortgage can help lock in a favorable exchange rate.
- Diversification: Owning property in Mexico can be a good way to diversify your investment portfolio and hedge against fluctuations in the US or Canadian real estate markets.
- Rental income: If you plan to rent out your Mexican property, a mortgage can help you generate income while also building equity in the property.
- Tax benefits: Interest payments on a mortgage may be tax-deductible, which can help reduce your overall tax burden.
Move to Mexico and Make Your Dream Home a Reality with “MEXLend”
Are you ready for a change of pace?
Have you been dreaming of a life in sunny Mexico, with its warm climate, vibrant culture, and affordable cost of living?
Whether you’re retiring, starting a new career, or just seeking adventure, “MEXLend” can help make your dream of homeownership in Mexico a reality.
Our tailored mortgage solutions for non-residents make it easy and affordable to purchase a home in Mexico, with competitive interest rates, flexible repayment options, and expert guidance throughout the process.
Our team of experienced mortgage professionals will work with you to find the right mortgage solution for your unique needs and help you navigate the sometimes-complex process of buying property in Mexico.
Don’t let the fear of the unknown hold you back from making the move to Mexico. With MEXLend’s mortgage services, you can enjoy the many benefits of homeownership in this beautiful country, from stunning beaches and world-class cuisine to a rich history and welcoming community.
Contact us today to learn more about our mortgage services for non-residents and start your journey to a new life in Mexico.