Sorting out the complexities of foreign eligibility of mortgages, and capital gains taxes, in Tulum.

Hello Everyone.

Today I would like to talk about two major topics; mortgages, and capital gains tax. There seems to be confusion among some buyers in regards to mortgages in The Riviera Maya and Mexico. Here is what I know as of today, but keep in mind things are rapidly changing here to accommodate the booming real estate market.

Mortgage companies are offering more and more choices to foreigners buying in Tulum and The Riviera Maya. 

U.S. Mortgage loans are hitting the beaches of Tulum and The Rivera Maya and many other resort areas of Mexico. The real estate market in the Rivera Maya area will start to see many changes very soon! Home buyers from around the world will be coming to purchase property and requesting financing. Loans are now available in dollars for American and Canadian home buyers. Euro loans are available for your special clients from Spain, Italy, and Germany etc. But let’s not forget the Mexico Pesos loan……

Do you want the keys to your dream house in the Caribbean? Here are a few pointers of what to avoid when purchasing property in Mexico.

In a development that has the potential of greatly influencing the real estate industry, mortgage capital is now being made available to Americans acquiring property in Mexican resort destinations.There are 7 million North Americans who travel to Mexico every year. Of that number, figures indicate that there are as many as 400,000 Americans and Canadians who have retired to Mexico, be it on a full-time or part-time basis. Consequently, we are going to give you some tips about what to Do and what Not To Do when purchasing property in Mexico.