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Cross Border Investment

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Cross Border Investment was founded by its President, Joshua Rappaport. Joshua is originally from Toronto, Canada and has been living in Puerto Vallarta since 2003. Joshua was literally fresh out of university when he decided to make this piece of paradise his home. He was finishing his degree at the University of Toronto and decided to do his final credits as part of an exchange program offered by the Universities of Toronto and Guadalajara (Guadalajara is about a 5 hour drive from Puerto Vallarta). Joshua finished his courses, earning his degree from the University of Toronto. Joshua’s mother tongue is English, but he is completely fluent in Spanish and can handle brief conversations in French and Brazilian Portuguese.

Upon completion of the courses in Guadalajara, Joshua then travelled to some of Mexico’s colonial gems in the center of the country before settling in Puerto Vallarta. Joshua has been working in the mortgage industry in Mexico since 2006. He founded Cross Border Investment with the philosophy of providing premium customer service and understanding clients’ needs. Cross Border Investment understands that for many purchasers, this is your first real estate transaction in Mexico, and perhaps your first international investment. The majority of foreigner buyers are located in your home city throughout most of the transaction, and your security and interests are taking very seriously by Cross Border Investment.

Joshua has a long list of clients, and is well known amongst realtors and developers in the major resort areas of Mexico. He has also established sound relationships with the institutions that are involved in the transactions – the lending banks, trust banks, and Notarios. Through Joshua’s extensive relationships with the major lenders in Mexico, Cross Border Investment’s clients are able to take advantage of quicker approvals, and often Cross Border Investment has exclusive mortgage products.

Contact a representative of Cross Border Investment today to start making your dreams a reality!

Mortgages are available for US and Canadian citizens and residents. The loans are usually issued by a Mexican bank that accepts foreigner borrowers. You will not be able to go into a bank branch in the US or Canada and get a mortgage using a property in Mexico as the collateral. The banks that lend to foreigners purchasing Mexican properties represent a fraction of the number of banks you would expect in the US or Canada, and they are usually offered through highly-specialized departments via representatives located in Mexico.

Following, you will find the corresponding information for mortgages that correspond to citizens and residents of the US and Canada.

US and Canadian citizens and residents

  • Nationality: US and Canadian citizens and residents
  • Purpose: purchase, cash-out, land purchase, rate and term refinance, construction
  • Maximum loan-to-value (LTV): up to 90% of the value of the property
  • Lowest interest rate: 0%
  • Currency: Mexican pesos
  • Amortization period: up to 20 years
  • Prepayment penalty: no prepayment penalty
  • Minimum credit score: The borrower should not have significant late payments.
  • Maximum debt-to-income (DTI): 70% (Borrower cannot spend more than 70% of his monthly income on current debt according to his/ her credit report + the mortgage for which he is applying.)
  • Income Documentation: Bank statements / Paystubs / Tax returns

*The loan terms and interest rates are subject to change without prior notice.

Mexicans and Residents of Mexico

  • Nationality: Mexican nationals and residents of Mexico.
  • Purpose: purchase, cash-out refinance, land purchase, rate and term refinance, pre-construction, renovation, home completion.
  • Maximum loan-to -value (LTV): 90%. Up to 100% COFINANCED (a bank and a government institution jointly grant the more.  For example, Cofinavit)
  • Maxim loan amount: No maximum.
  • Lowest Interest rate: 0%
  • Amortization period: up to 20 years
  • Maximum debt-to-income (DTI): 70% (Borrower cannot spend more than 70% of his monthly income on current debt according to his/ her credit report + the mortgage for which he is applying.)
  • Income Documentation: Bank statements / Paystubs / Tax returns

*The loan terms and interest rates are subject to change without prior notice.

The concept of a mortgage broker is relatively new for Mexican clients. Those who purchase with a mortgage often go to the bank where they have their checking and savings accounts – regardless of the qualification requirements, loan terms and interest rates. Often this results in clients paying more in closing costs and monthly payments, and unnecessary loan denials. At Cross Border Investment we offer a variety of loan programs – our goal is to match you with the best mortgage for your needs. Obtaining your mortgage through Cross Border Investment means you have the best options competing for your business.

Following, you will find the corresponding information for mortgages that correspond to Mexican nationals and all foreigners who live and work in Mexico.

CROSS BORDER INVESTMENT PRIVACY NOTICE
I. Person in charge and treatment of his/her personal information.
In accordance with the Federal Law of Protection of Personal Details in Possession
By Individuals we inform you that FINANCE CBI SA de CV (from now on called
“Finance CBI SA of CV”), with address at Rio Amarillo 216 Office 101, Residential
Fluvial Vallarta, is reasonable for obtaining your personal information, and the use of
the same and your protection as herby stated in the terms of the present privacy
notice.
II. Purposes and use of your personal information.
The use of your personal information will be limited to providing the services that
you have requested and when proceeding with the process of a mortgage with any
of the financial institutions with which we have a contract, as well as to carry out
diverse acts with other entities that result compatible and that are necessary to
complete with the requested service.
III. What information do we obtain and from where?
To fulfill the purposes previously discussed, this refers to enunciate but not limited
the following personal information: full name, phone (mobile and fixed), e-mail,
address, utility bill, sex, RFC, CURP, social security number, copy of official
identification; in case of foreigners, the document that proves his/ her legal stay in
the country, marital status, birth certificate, marriage certificate, name and ages of
spouse and children, education level, career, area of work, position, name or social
denomination of the work, period employed, employer phone numbers (mobile and
fixed), monthly income, make and model of autos, and the following financial and
asset information: real estate and assets, estimated value, credit report and score,
income and expenses, account numbers, bank statements, bank accounts, CLABE.
For the purposes indicated in the present privacy notice, we can obtain your
personal information from different forms: when you provide them to us directly,
telephone route, e-mail, courier service by both parts and when we obtain
information through other sources that are allowed by the law.
IV. Options to limit the use or publication of your personal information.
You are able to limit the use and publication of your personal information directly by
identifying by means of writing directed to the Person in charge of Personal
Information in the address indicated previously or by means of an e-mail to
info@crossborderinvestment.com
V. Means to exercise the rights of Finance CBI SA de CV.
The personal information that has been granted voluntarily and the updating and
authenticity of the same is its responsibility, therefore you will be able to have
access to your information to modify them or to update at any moment. You have
the right to access your personal information that we possess and to the details of
the treatment of the same, as well as to rectify them in case of being inaccurate or
incomplete; to cancel them when you consider that they are not needed for any of
the purposes indicated in the present privacy notice, they are being used not for the
intended purposes or the service related has been completed, or has been opposed
to the treatment of the same for specific ends. The mechanism that has been
implemented for the exercise of the above mentioned rights is to be identified
entirely and the presentation of such in writing directed to the Person in Charge of
Personal Information in the address indicated previously or by means of an e-mail to
info@crossborderinvestment.com
VI. Transfer of your personal information.
Your personal information will not be transferred to third people except the case in
which it is definitely necessary for the requested service, as well as also to carry out
diverse acts with other entities that are compatible and necessary so that it is
possible to comply with the requested service. If you do not show your opposition
so that your personal information is transferred in the terms previously mentioned,
it will be understood that you have granted consent for it.
VII. Modifications to the privacy notice.
We reserve the right to carry out in any moment modifications or updates to the
present privacy notice, for the attention of legislative modifications, internal polices
or new requirements for the services offered. These modifications will be available
to the public through our Internet site: http://www.crossborderinvestment.com

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