Real estate financing in mexico as a foreigner; what you need to know

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Starting life in another country is not a simple task, there are many issues that arise and, without a doubt, one of the most complex is acquiring your own home. How is it made possible in mexico? Do foreigners have any possibility of financing?

Interested parties who currently live in mexico or wish to settle in the country can know that there are various alternatives to obtain financing in mexico that best suits each need.

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for greater relief, there are companies that have mortgage loans whose requirements are very flexible, both for foreigners and mexicans. It is time to learn more about these requirements and about tu casa express , a company that makes real estate financing possible.

Learn about the Poland Mobile Number List various real estate financing for foreigners
there are several ways in which people can request financing in mexico. Each of them has particular requirements and demands. Among them, the following can be mentioned:

government financing
these credits are not a viable option for foreigners, since they only allow those people who have mexican citizenship. The above does not necessarily mean that people from other countries cannot opt ​​for financing.

Article 27 of the political constitution of the united mexican states stipulates that foreigners have full permission to acquire various properties in the country. In other words, there are still ways to achieve them, for example, requesting it from a bank or consulting with a non-banking company that offers financing.

Bank credits
this is the best known and most common option of all, but at the same time it is one of the most complicated. The mortgage loans offered by banks first evaluate a series of requirements, for example, the applicants' income or credit history, before releasing the loan.



The search for the requested documents ends up lengthening the process too much. In addition to this, the biggest drawback is that nothing guarantees the loan. Long and bureaucratic processes, without the guarantee of the award, are inconveniences that few foreigners are willing to take.

Non-bank credit or “real estate financing”
finally, we must talk about and highlight the work of companies and institutions dedicated to real estate financing. What is its main advantage over bank mortgage loans? Well, you do not need to meet the requirements that a bank does require to obtain financing.

Applying for non-bank loans, also known as “real estate financing,” is the best option for foreigners who have just arrived in mexico. Companies like tu casa express, for example, offer quick processes and advice, as well as plans adapted to the needs you have at the precise moment of requesting financing.