CABOCRIBS

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CaboCribs.com brings you a Mortgage Finacing at 0% interest rate (May 2 Issue)

A mortgage financing like this hasn’t been available for decades

Cabo Cribs Real Estate and Developement proudly announces a 0% Mortgage Financing for Everyone!!!

 

Here are the details and conditions of the loan:

  • The interest rate is 0% for both mortgages.
  • With a 50% down payment, the amortization term is 7.5 years and with a 35% down payment the term is 10 years.
  • The mortgages with 0% interest rate apply for the purchase of a condo/ house, lot or commercial space.
  • They are NOT available for refinacing.
  • Residency status or ties to Mexico are NOT required to qualify for these loans. If the borrower has Mexican residency status, these mortgages and additional loan products are available.
  • The mortgages with 0% interest rate are available for Mexicans as well.

 

Please note, that there are some basic guidelines to be followed with any sort of financing:

  • There needs to be a collateral. This means that the property needs to be constructed and the legal documents to deed must be complete.
  • For buyers purchasing PRESALE/ PRECONSTRUCTION (meaning the property is not yet built) you should contact us approximately 3-6 months prior to the property being ready. We recommend that in the meantime you maintain a healthy credit score and document as much income as possible.
  • Borrowers need to qualify based on income and credit. The minimum credit score is 680.
  • Borrowers need to have 35-50% down payment + approximately half of the closing costs in cash. The down payment requirement depends on various factors, mostly the value of the property, the clients’ qualifications, etc.

Call us at +1-310-860-6063 (US) or +52 1 624 688 6841 (Mexico) or email us at info@staging.cabocribs.com if you’re interested in the 0% mortgage financing or if you’re looking for a property in Los Cabos. We can help you find the right property that suits your needs, preferences and budget.

 

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