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Home | Up | About Title | Requirements | Loan Term | Costs |
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Mexican Financing: What You Need To Know, Loan
Term |
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| Minimum Loan
Amount: |
$100,000 |
| Maximum Loan
Amount: |
$1,000,000
($1,500,000 for Cabo San Lucas) |
| Maximum Loan to
Value: |
70% |
| Loan Term: |
20 years |
| Loan Type: |
4/6 ARM (loan is fixed for 4 years then
adjusts every 6 months) |
| Index: |
6 month LIBOR |
| Margin: |
4.5% |
| Caps: |
The variable rate cannot be greater than the
initial rate +5% and less than the initial
rate on the loan. |
| Prepay Penalty:
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3% of
loan if the financing is paid off for any reason
in the first three years. Borrower may choose to
pay 2% upfront to buy out the prepay penalty. |
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phone: 952-857-2500, fax: 952-857-2501, toll-free: 800-281-5658
apply@marquestfin.com |
