WHAT ARE THE TRANSACTION COSTS ASSOCIATED WITH PURCHASING A MEXICO HOME USING CASH VERSUS USING MEXICO MORTGAGE FINANCING?
Before entering into a cross-border purchase of Mexico real estate using cash or Mexico mortgage financing, it is important to understand the transaction costs that will be incurred. This includes understanding the purchasing costs for a cash transaction as compared to a financed transaction; a topic that is often misunderstood. Just as in the U.S. or Canada, you should arm yourself with this information before embarking on the home buying process. For this reason, we do all we can to fully inform you on purchasing a property in Mexico. One of the most frequently asked question about Mexican real estate is “What about financing?” And the second part of that question is, “What are the fees? Make no mistake, the fees in Mexico are significantly higher than in the U.S and Canada for both cash purchases and financed purchases, and most of them are set fees and not negotiable. However, because ConfiCasa has been in the industry for over 10 years, we have extremely competitive and well negot
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