MORTGAGE COSTS IN MEXICO

All costs need to be taken into account when purchasing a new home or re-mortgaging, so that you can produce an accurate budget, which will help to ascertain if what you are trying to achieve is the sensible way forward and actually achievable.

Around a real estate transaction, there are several ordinary expenses that must be disbursed, mainly by the buyer, in order for the transaction to be successful and compliant with the legal regulations applicable. Your home mortgage is more than the purchase price. It also includes things like escrow, homeowner’s insurance and property taxes, and private mortgage insurance. Also, Mexico has its specific rules for foreigners buying real state depending on the location of the property.

Fees to Expect When Buying a House

There are fees to process your loan application. These fees typically include:

  • Credit Report Fee
  • Underwriting Fee
  • Commercial Appraisal Fee
  • Document Preparation Fee

Fees related to Buying a Home:

These fees can be quite substantial and generally increase in line with the value and where the property is situated. We will of course use our expertise to guide you through the relevant costs and try to minimize these as far as possible.

Lender’s Fees

  • Loan Origination Fee
  • Funding Fee

Get answers to frequently asked cross-border mortgage questions.

These FAQs can help you with the mortgage process.
FAQ’s

Desire more information?

Please visit our glossary for detailed cross-border lending terms
Glossary

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