If you’re considering the construction of residential property in Puerto Vallarta, you’ll find that the number of real estate financing options has increased substantially in the past few years. Fixed-rate mortgages mean that the market has opened up to many more potential investors.

Refinancing loans, something quite new in Mexico, mean that you can also take advantage of the equity gains in your Puerto Vallarta investment properties. This is an important bonus. Until just recently, there was no good way for a property owner here to tap into the equity that has built up in a home.

The financing options extend beyond existing improved properties, as well. Investors can find loans that will finance the purchase of land and the construction of a new residence.

Real estate financing here is quite safe, and isn’t affected by the same sub-prime considerations that are impacting US real estate markets. Because real estate financing is so new here, lenders don’t offer non-conventional financing products.

Lenders on both sides of the border are more willing to write mortgages for Mexican real estate because property ownership laws have been clarified and strengthened. It is now possible to secure title insurance here, which protects the buyer and severely limits challenges to ownership rights that many potential investors came to fear.

Real estate financing doesn’t just benefit foreign owners. Home ownership by Mexican citizens is at its highest levels in history, and citizens are purchasing property at fast pace, thanks in large measure to the availability of real estate financing products.

Select Mexico Properties can provide a referral list of lenders who can assist you if you are considering the purchase of property here in Puerto Vallarta. If you would like more information about real estate financing in Puerto Vallarta, please contact Select Mexico Properties today.