1st Nations Mexico and 1st Nations Mortgage of Mexico Announce New Financing Guidelines
Denver, CO (PRWEB) September 18, 2007 -- Today, 1st Nations Mexico, LLC and 1st Nations Mortgage of Mexico announced new financing guidelines for buying or refinancing a home in Mexico including an unbeatable 80% financing on purchase or refinance. Additionally, 1st Nations provides a platform to originate and fund mortgage loans for property developers through the company's Developer Solutions Program.
"We're leveraging our unique relationships with multiple lenders, banking institutions, agents, and developers from both the US and Mexico to provide the absolute best loans," explains Wesley Yuhn, Business Development Director for the company. "This way we can give incredible deals to US and Canadian residents buying or refinancing in Mexico while ensuring true ownership and US financing regardless of whether the property is vacation, residential, commercial, or industrial."
Highlights from the newly released guidelines include available Fixed Rate terms from 10-25 years with no maximum loan amount and preferred pricing on 80% financed Purchase or Cash-Out Refinances starting at 6.5% for Primary Residences, 2nd Homes, Single Family Units, Single Unit Dwellings, Condos, Resale, Planned Unit Developments, and Home Sites in Planned Communities.
Also included in the new guidelines is a list of geographic locations favored by 1st Nations including Los Cabos / Cabo San Lucas / San Jose del Cabo Corridor, La Paz, Tiajuana / Ensenada Corridor, San Filipe, Puerto Penasco (Rocky Point), Mazatlan, Puerto Vallarta, Chapala, Cancun and Playa del Carmen Corridor.
1st Nations Mexico has multiple correspondent lender relationships with mortgage banking institutions, hedge funds and investors that fund up to $300 million per project throughout Mexico. In addition 1st Nations Mexico has solidified several broker relationships specifically with developers in-house lending which has started a revolutionary outsourcing model for handling some of the loan origination and processing duties on behalf of developers funding in Mexico.
1st Nations Mortgage of Mexico, an international mortgage lender headquartered in Denver, CO with operations in AZ, CA, VA, and MA, is dedicated to funding the acquisition of international real estate by U.S. residents. Founded with a unique combination of U.S. mortgage expertise and local Mexican real estate knowledge, the principals 1st Nations Mortgage of Mexico have handled more than 75,000 mortgages totaling over $10 billion dollars in U.S. mortgage loans over the last 13 years and more than $200 million dollars and 10-years experience managing real estate projects in Mexico. Visit http://www.1stnationsmexico.com or call (866) 403-3559 for details.
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