How to get a mortgage in Mexico

Until recently, foreigners interested in purchasing real estate in Mexico paid with cash, either using funds from their own residence or some other source of funds. Today, these matters in Mexico are different. With a growing security in the Mexican economy, American banks are now offering mortgage loans on Mexican properties. The interest rates are a bit higher for these types of loans and other fees will apply but all in all these mortgages are reasonable and will allow foreign investors to purchase properties in both the restricted and non restricted zones of Mexico.