Buying your house in Mexico is now simple and secure… with Scotiabank support

 

If you are a resident in the United States of America or Canada, Scotiabank offers you a financing to acquire a house in one of the best destinations of Mexico.

 

Our team of professionals will give you the support you need from the moment you begin your credit procedure until the moment you take delivery of your home. Our commitment is to offer you clear specialized advice and safety through out the home buying process.

 

Our International Agents will assist you trough the whole process in your own language and in your own country. In the US, a selected group of licensed Mortgage Brokers and in Canada our Scotiabank's Mortgage Development Managers will guide you step by step.

 

In Mexico our skilled Specialized Mortgage Executives will coordinate the closing process.

 

So that all you have to say is: Mortgage por favor.

 

 

Features and Requirements

 

Features:

• Available for the acquisition of new or existing homes and apartments in residential areas of Mexico. 
• Mortgage loans are in U.S. Dollars.
• Financing up to 75% of the value of the property.
• Terms for up to 20 years.

 

Applicant Requirements:

•Age :Minimum 25 years; maximum 64 years and 11 months
•Income: minimum of USD$3,500 monthly or USD$42,000 per annum.
•Employment History:_Minimum 3-years, with minimum 6 months at the current place of employment.
•Self-employed and/or business owners must have at least 3 years in same  activity.
•Home and office telephone numbers. 
•Positive credit references (FICO Score 670+)
•

Documents required:

•Credit application: duly filled it out and signed by the applicant as well as the
•applicant’s spouse (if applicable).
•Valid Official Identification: passport or driver’s license.
•Proof of Income (your advisor will tell you what documents you will need
•based on your present employment.).
•Recent bill that shows the applicant’s name and address: electricity, water,
•phone, gas.
•Certified copy of the marriage certificate.
•Copy of identifications of the trust beneficiaries (if a applicable).

Insurance and Protection

 

Our Mortgage Loans for Non Residents have two mandatory insurances. The cost will be included in the monthly payment.

 

Life Insurance:  This insurance protects you or your spouse in case of death or permanent disability; it protects your family as the balance of your loan will be paid in full.

 

Damage Insurance:  This insurance protects the value of the property from loss due to material damage as a result of fire, lightning, explosion, earthquake, volcano eruption, hurricane, flood, heavy seas.

 

Title Insurance

As an optional feature, you can buy a Title Insurance policy to protect your investment against any title defects that could threaten your right to ownership of the property if a third party were to claim priority rights to it.  The title insurance premium is payable at the time of closing.

 

We have agreements with the most reputable providers of Title Insurance

 

                           

 

 

Escrow Account:

An Escrow account will also be managed with First America or Stewart Title to manage the closing disbursements.

 

Terms

Ownership trough a Trust?

Success is in the process

Mortgage por favor

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