The BBVA Group in coordination with Laredo National Bank (LNB) and Mortgage Banking-Bancomer Hipotecaria Nacional, the first market to offer credit in dollars to American and Canadian citizens from acquiring property in Mexico.
This is Your Dream Home in Mexico, a mortgage collateralized trust created in order to meet the interests of Americans and Canadians to acquire a house for rest or as investment anywhere in the Mexican territory, including the restricted zone.
Characteristics:
Deadlines: Term (years) 25, 20, 15
Taxes: Taxes defined by the Libor + margin. *rate subject to the exchange rate
Committees: Open: 2%
Report credit: $ 17.70 dollars.
Fee anchoring: $ 125.00 dollars.
Credit Rating: $ 150.00 dollars.
Cost of appraisal: For houses up to 150 m2 building will be charged $ 400.00 dollars.
For every 50 m2 surface more, the cost will increase by $ 50.00 appraisal dollars.
Value of housing: USD 100.000 in Forward
Funding: 70%
Minimum amount of credit: USD 70.000
Minimum amount of housing: USD 100.000
Insurance: You have the option of buying insurance through Bancomer at a cost premium of 3.6 thousand, which include:
• Resposabilidad civilian family.
• Damage to property.
Alternatively, the customer has the option to contract these insurance on their own.
Requisites:
From 18 years.
Score minimum credit: 650 (FICO Score).
They must hire a certain damage to property.
Insurance damage to property and shares of the Trust included in the monthly payment.
Providing the following documents:
1. Credit Application signed.
2. Photo identification.
3. The last 2 annual tax statements with W2 form.
4. Receipt of payroll last month.
5. States bank in the last 2 months.
Showing posts with label mortgages. Show all posts
Showing posts with label mortgages. Show all posts
Monday, June 23, 2008
Tu opción en México - Mexican residents in E.U.A. can hire mortgage credit to buy property in Mexico
Do you have relatives in the United States interested in buying property in Mexico? They can hire a mortgage to purchase new house or used in any city in the Republic of Mexico, through the offices of the Mortgage Banking Bancomer in the United States-Mexican Mortgage-where for more than two years, have been granted a multitude of mortgage loans to our countrymen.
Through this credit, the Mexicans who live and work in the United States can acquire a mortgage in pesos or in minimum wages, fixed interest rate and no penalty for prepayment, with the following characteristics:
Deadlines: Term (years) 5, 10, 15, 20
Committees: a) Opening: 4% for housing values to $ .00 and $1'000,000 MXP
b) 2.25% for housing values greater than .00 $ 1'000000 MXP
c) For Prepayment: no fee for advance payment.
Cost of appraisal: 2.5 thousand + $ 500.00 or $ 1200.00 MXP whichever is greater.
Expenditure on Research: $125 USD
Factor payment (including insurance): $ 22.68 MXP (5 years), $ 14.88 MXP (10 years), $ 12.66 MXP (15 years) and $ 12.18 MXP (20 years), $ 10.80 MXP (25 years, this term applies only to minimum wages)
Minimum amount of credit: $153,000.00 MXP
Minimum amount of housing: $170,000.00 MXP
Insurance: Living and total and permanent disability: ($ 0.32 MN pesos monthly for every $ 1000.00 pesos MN credit).
Damage: ($ 0.49667 pesos MN monthly for every $ 1000.00 pesos credit. Includes VAT), includes Liability insurance up to $ 100000.00 weights and contents insurance latter up to $ 70000.00
Through this credit, the Mexicans who live and work in the United States can acquire a mortgage in pesos or in minimum wages, fixed interest rate and no penalty for prepayment, with the following characteristics:
Deadlines: Term (years) 5, 10, 15, 20
Committees: a) Opening: 4% for housing values to $ .00 and $1'000,000 MXP
b) 2.25% for housing values greater than .00 $ 1'000000 MXP
c) For Prepayment: no fee for advance payment.
Cost of appraisal: 2.5 thousand + $ 500.00 or $ 1200.00 MXP whichever is greater.
Expenditure on Research: $125 USD
Factor payment (including insurance): $ 22.68 MXP (5 years), $ 14.88 MXP (10 years), $ 12.66 MXP (15 years) and $ 12.18 MXP (20 years), $ 10.80 MXP (25 years, this term applies only to minimum wages)
Minimum amount of credit: $153,000.00 MXP
Minimum amount of housing: $170,000.00 MXP
Insurance: Living and total and permanent disability: ($ 0.32 MN pesos monthly for every $ 1000.00 pesos MN credit).
Damage: ($ 0.49667 pesos MN monthly for every $ 1000.00 pesos credit. Includes VAT), includes Liability insurance up to $ 100000.00 weights and contents insurance latter up to $ 70000.00
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