HMC is one of the first projects in Cozumel to be approved for this financing.
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Financing for US residents is through a US Broker and Underwritten by GE Capital, Mexico.
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20 or 30 year loan packages are available at 7.99% fixed for 3 years, with 2 points or 8.50% fixed for 5 years, with 2 points.
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Mortgage is secured on Mexican real estate - not on US property.
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Loan Payments are in US dollars - not pesos.
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Title held in a bank trust and US title insurance is available.
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Mortgage interest is deductible on US tax returns as a second home.
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Alternate documentation programs are available for self-employed borrowers.
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With assets of approximately 500 billion US dollars, GE Capital serves consumer and businesses in 47 countries around the world.