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Updated over 1 year ago, 06/23/2023

Dave Meyers's profile image
Dave Meyers's profile image
Dave Meyers
  • Developer
  • from Cottonwood, AZ
  • Member since Jan 29, 2018
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User Stats

74
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21
Votes
Dave Meyers's profile image
Dave Meyers's profile image
Dave Meyers
  • Developer
  • from Cottonwood, AZ
  • Member since Jan 29, 2018
Connect
Dave Meyers
  • Developer
  • Cottonwood, AZ
21
Votes |
74
Posts
Private Lending & Conventional Mortgage Advice

Buying in Mexico: Terms or Cash

Dave Meyers
  • Developer
  • Cottonwood, AZ
Posted

Morning!

I am looking at buying a condo in Mexico as a U.S. Citizen. Most of the properties are cash whereas some offer terms.

My (complete nubie) question is this: if I take out a mortgage, doesn’t the lender pay the seller 100% right away?

What causes a seller to request all cash vs terms/mortgage?

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