Retire to Mexico, one million Americans have already done so. You can count on certain things when you do
1) Americans are liked by the Mexican people…why would they not welcome you? You are spending your retirement dollars in their country…that means jobs and business for Mexico.
2) You will be safe in Mexico. If you would believe the evening news, Mexico is a war zone. Close to the border, where few retire, it is dangerous due to the drug trade. Including the border violence you are 3 times less likely to be a victim of violent crime in Mexico vs the USA.
3) The Mexicans place much emphasis on family and a simple life. You feel that you have gone back in time when you first arrive in Mexico. Mexico is like the US was 30 to 50 years ago. Mexicans get together for family meals and holidays and take the time to enjoy life at a slower pace. There is nothing wrong with that approach to life. The hectic lifestyle in the US has not yet reached Mexico.
4) Not speaking Spanish will not be a problem. If you have the right attitude, you will be able to get by or find someone willing to translate for you. As anywhere a smile will go a long way in Mexico. Having said that, it is to your advantage to try to learn Spanish. You are a guest in Mexico… show some respect and try to learn Spanish… they will appreciate your effort.
5) How about health care? In the US we have the best health care in the world…it is also the most expensive health care in the world. After you have lived in Mexico one year you can apply for IMSS insurance…it will cost you $270 a year for full coverage for doctor visits, hospitalization and prescriptions. many Mexican doctors trained in the US. You will find the level of care to be very good.
So retire to Mexico, where $1500 to $2000 a month, is the average budget to live very well. That is eating out frequently and hiring domestic help. You will also have some company, over one million Americans have already retired to Mexico.
Retiring to Mexico will give you a slower more relaxed pace of life. You will be able to afford a standard of living not possible in the US for the same money. Before you go you should obtain the latest, up-to-date information about Mexico. Many Americans have lived in Mexico for years…take advantage of their experiences. Here is how to obtain that information.
Get your owners guide to Mexico if you want to Retire to Mexico. For further information on Mexico and other enjoyable, cheap ways to retire visit Frugal Retirement Living . You will be glad you did.
by Gary Pierce
Sunday, February 14, 2010
Wednesday, February 3, 2010
Mexico Real Estate Financing Options Grow - Mortgages in Euros
Yucatan Real Estate has recently presented a new Mexico Real Estate financing option, offering mortgages in Euros. This move is significant as a part of the growing number of possibilities for foreigners to finance real estate through Mexican banks.
Yucatan Real Estate has recently taken another step forward in the area of mortgages for foreigners. This year, 2010, BBVA Bancomer will become the first bank in Mexico to offer mortgages in Euros. While this move is part of a specific promotion for a real estate development in Campeche, on the Gulf shore of the Yucatan Peninsula, it is an indication of the progress that Mexico Real Estate on the whole has seen recently in the area of mortgages for foreigners through Mexican banking institutions.
Offering mortgages in Euros is a part of Bancomer's sales strategy for the a golf and marina resort in Campeche, being developed by a Spanish group. The President of the developer explained that BBVA Bancomer will provide the financing option to buyers in Europe who are interested in any of the condos or homes that will be part of the eco-tourism mega project that is being built on the Yucatan Peninsula, and will be the largest on the Gulf of Mexico.
This is the first time that mortgages in Euros are being granted in Mexico and BBVA Bancomer is the first Mexican bank to make this offer. The plan was finalized on January 21, 2010.
While the current offer is exclusively for customers of the specific development on the Yucatan, this project holds its key importance as another possibility for foreign real estate buyers who wish to obtain a mortgage through a banking institution in Mexico.
During the past decade, international buyers have seen their options for financing Mexico real estate purchases grow tremendously. Until recently, buyers either had to pay in cash, or seek financing options in their home country. Although regulations are stricter, and the process is longer than in other countries, the fact that Mexico now offers mortgages opens many options for foreigner buyers who wish to keep their funds or properties in their home country free for other investments.
During 2009, more non-Mexican real estate buyers have taken advantage of these options, taking a mortgage from a bank in Mexico itself. As more buyers use this financing tool, and further possibilities are opened, such as the mortgage in Euros that is currently being introduced in Yucatan, even more buyers will begin to see this a viable financing option
Yucatan Real Estate has recently taken another step forward in the area of mortgages for foreigners. This year, 2010, BBVA Bancomer will become the first bank in Mexico to offer mortgages in Euros. While this move is part of a specific promotion for a real estate development in Campeche, on the Gulf shore of the Yucatan Peninsula, it is an indication of the progress that Mexico Real Estate on the whole has seen recently in the area of mortgages for foreigners through Mexican banking institutions.
Offering mortgages in Euros is a part of Bancomer's sales strategy for the a golf and marina resort in Campeche, being developed by a Spanish group. The President of the developer explained that BBVA Bancomer will provide the financing option to buyers in Europe who are interested in any of the condos or homes that will be part of the eco-tourism mega project that is being built on the Yucatan Peninsula, and will be the largest on the Gulf of Mexico.
This is the first time that mortgages in Euros are being granted in Mexico and BBVA Bancomer is the first Mexican bank to make this offer. The plan was finalized on January 21, 2010.
While the current offer is exclusively for customers of the specific development on the Yucatan, this project holds its key importance as another possibility for foreign real estate buyers who wish to obtain a mortgage through a banking institution in Mexico.
During the past decade, international buyers have seen their options for financing Mexico real estate purchases grow tremendously. Until recently, buyers either had to pay in cash, or seek financing options in their home country. Although regulations are stricter, and the process is longer than in other countries, the fact that Mexico now offers mortgages opens many options for foreigner buyers who wish to keep their funds or properties in their home country free for other investments.
During 2009, more non-Mexican real estate buyers have taken advantage of these options, taking a mortgage from a bank in Mexico itself. As more buyers use this financing tool, and further possibilities are opened, such as the mortgage in Euros that is currently being introduced in Yucatan, even more buyers will begin to see this a viable financing option
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