Covid-19 Health Security Certification
Most of our clients that purchase a property as their second home, or vacation home in San Miguel de Allende, decide to let us manage their property. They know that we will make sure their property is well taken care of and will be in perfect condition. We take care of paying all their monthly utility bills, such as the electricity, water, gas, telephone, cable, internet, and alarm bills, as well as their annual property taxes. We also take care of all the repairs needed for the correct functioning of their property. We have a list of plumbers, electricians, carpenters, painters, and handy men that take care of this when needed. We also take care of paying the housekeeper´s and gardener´s weekly salaries. All our clients have been totally satisfied by our property management service and widely recommend us.
We are teamed up with Global Mortgage in order to help more U.S. Citizens own a home in San Miguel de Allende, the epicenter of art and culture.
Global Mortgage offers loans for up to 60% of the purchase price with fixed rate terms of 15, 20, and 25 years. Historically, U.S. Citizens have relied on their available liquid assets to define what they are able to afford. By leveraging our loan program they can now consider buying a home they want and not be limited by available cash. A client of ours is a great example of that. She is now on the path to owning a beautiful home in San Miguel de Allende with a value twice as much as she had available in cash, and she will also be able to keep some cash for a rainy day. In many cases, folks will borrow against their assets in the U.S. to purchase property in Mexico, which restrains their credit and liquidity. Global Mortgage loans are not reported to U.S. credit bureaus and because we collect taxes, insurance, and HOA fees (where applicable) along with the monthly principal and interest payment, our borrowers have the convenience of making their mortgage payment as they are accustomed to in the U.S.
We pride ourselves in being transparent and feel strongly that all parties involved should be fully informed of our process, fees, and lending criteria. Here is a summary of what our current offering looks like:
- U.S. Dollar loans backed by U.S. investment fund
- 15 to 25 year fixed rate mortgages
- Up to a 60% Loan to Value
- As low as a 680 Credit Score
- Rates from 7.75% – 11.75% (depending on qualification)
- 3% Origination Fee
- No Prepayment Penalty
- No Balloon Payments
- No Life Insurance requirement