More Immigrants Buy Property in Mexico

The Denver company that provided Gonzalez’s mortgage, called Su Casita, or “Your Little House,” finances up to 90 percent of home costs and requires a down payment of at least 10 percent.

That’s one reason its mortgages typically don’t go into default, said Jose de Jesus Olivares, a spokesman for Sociedad Hipotecaria Federal, a Mexican federal agency that regulates and helps fund mortgage lenders doing business in Mexico.

“Our job is to serve the immigrant, to help them bring their dreams to life,” said Ivan Funes, general director of Houston-based Conficasa, which offers cross-border mortgages catering to Mexicans in New York, Atlanta, Chicago, Dallas, California and Ohio. “A lot of Mexicans go to the United States dreaming that they will one day return to their beloved Mexico.”"*

*From: http://ap.google.com/
Traducido: usando Google o Altavista/Babel Fish

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