An Interview With Bob Phelps From Global Mortgage
Recently, I was lucky enough to have the opportunity to chat with Bob Phelps from Global Mortgage, a cross-border lending firm, and ask him some questions of particular relevance to buyers. What kinds of interest rates do Global Mortgage offer? What’s their minimum down payment requirement? And who qualifies for a mortgage through Global Mortgage? Bob answered these questions and plenty more during our interview. To learn more, click here!
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5 年Well prepared questions Nick, thanks for sharing. 10-11% interest rate with 50% down payment leaves a lot to be desired, but it’s a start and at least an option. Also, they only lend to buyers with a fideicomiso, right? In the past, these cross-border mortgage companies wouldn’t lend to a Mexican corporation from my understanding. An investor who sets up a corporation for the purpose of multiple rental properties will have to look elsewhere, like Scotia, Bancomer, Banorte etc, right?