Great video.... very detailed! Thank you, this was awesome 👌🏾
@FreedomPlaya
2 ай бұрын
@@creavonegarrett8871 Thanks so much 🙏 Glad you found it valuable :)
@fwhites
9 ай бұрын
Are the loan terms for favorable for Americans if they gain Mexican citizenship before purchasing?
@FreedomPlaya
8 ай бұрын
Hi there and thanks for your question. Being a Mexican citizen would potentially give you access to loans from the Mexican banks and a lower down-payment amount (as low as 10%.) This said, you’d need to have at least 6 months worth of credit history in Mexico + a Mexican tax ID (called an RFC.) You can access those things just by being either a temporary or a permanent resident in Mexico, without having to go the extra step of becoming a citizen. The only benefit I see with becoming a citizen is that if you’re buying in a coastal area, you won’t need to go through the step & process of setting up the Fideicomiso (bank trust structure) so you’ll save about an initial 2200 USD set-up cost + another 400-500 USD/year.
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