Recently, several mortgage options have become available in Mexico. When you buy a property with a fixed-interest mortgage, your monthly payment is based on the value of the dollar at the time of purchase. As you make payments over the years, you’re paying with cheaper dollars as inflation rises.
For example, if your mortgage payment is $1,000, those dollars will buy 200 loaves of bread today. In 20 years, your payment will still be $1,000, but that may only buy 50 loaves of bread. During those 20 years, your wages continue to rise, so that $1,000 payment feels like less of a financial burden. The more inflated the dollar, the easier it is to make Talk to Atty. Isaac Flores at INTERCAM Dream Loan ® for more details on how they can make a mortgage program work for your Mexico purchase.
The information provided here is not investment, tax, or financial advice. You should consult with a licensed professional for advice concerning your specific situation.