INTERNATIONAL: Mortgage loans target Mexicans - 2004-02-28
Mexico's biggest private mortgage company will open an office in New York next week, providing loans to Mexicans working in the United States to buy homes in Mexico.
The loans will be in pesos and will carry the same conditions as the mortgages the company grants in Mexico, except that they will finance 80 percent instead of 90 percent of the value of homes, Requejo said. He said monthly payments would be around $400.
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