Ronival Real Estate’s Nick Fong joins Global Mortgage’s Alex Koper to present cash-out refinancing in Cabo. There’s a question that Nick gets asked frequently that he presents to Alex in the video. Based on the fact that most of his clients own their home debt-free, Nick is frequently asked this: Are there ways to get cash from equity in Cabo? Therefore, Nick asks Alex his clients, and other home owners in Mexico can get a refinance loan to get cash.
As he begins to answer Nick’s question, Alex Koper tells him he gets this question in Cabo, fairly often. Having been in Cabo for almost three years now, since 2018, Global Mortgage is well respected there. Alex mentions how Global Mortgage has hit their stride over the last 12 months, since 2019. They decided to operate there since good finance options in Mexico for foreigners simply didn’t exist. They are there to provide Americans and Canadians great options for refinancing in Cabo. Read more to see how that works.
Refinancing in Cabo with Global Mortgage
Alex Koper explains the many reasons for refinancing in Cabo. He discusses that while talking about the ways Global Mortgage helps Cabo homeowners. Prior to revealing the reasons for refinancing, he describes the history of getting Money into Mexico to purchase homes before Global Mortgage came on the scene.
As an example, people pulled 401K loans, pulled cash by refinancing their homes in the US or Canada, and sometimes even cash from personal loans. Those people move funds to Mexico from various sources in order to make their Cabo home purchase. They did it that way since there simply weren’t enough options available back then.
Reasons to consider refinancing in Cabo
Refinancing and receiving liquidity from your Cabo home equity offers many solutions to home owners there. To begin, you may be interested in purchasing another Cabo property. You may be intrigued by this option in Cabo due to the high rental property income potential there. But during these times of uncertainty due to COVID-19, there are new reasons to refinance in Cabo. The equity in your home in Cabo now serves as a financial resource when other funds have been lost during this economic slow-down.
Discussing another great reason for refinancing in Cabo, Alex Koper talks about diversification. Especially during these uncertain times, people are pulling money out of the markets and need another place to put it. The idea of purchasing property in Cabo provides that diversification investors look for. By doing that, they can pull cash from their equity using the services of Global Mortgage in Cabo.
Jumping in to the conversation, Nick Fong says that many of his clients are investors. As such, these clients purchase homes in Cabo to rent them using the vacation rental services of Property Management by Ronival. He explains that after financing a home in Cabo, the rental income alone can pay for the home. On top of that, many rental property home owners in Cabo are cash-flow positive. That means they make an income on top of paying for their home using rental income.
See how Global Mortgage operates
Global Mortgage operates in US Dollars for their mortgages, as explained by Ales Koper. He states how mortgages are serviced in US Dollars. Along with being having their headquarters in Cabo, Global Mortgage has offices in Texas, California, and Illinois. For certain, it’s exciting to see such great mortgage options stationed in Cabo, which is one of the best vacation destinations in the world.
Baja California Sur real estate
Many Americans, Canadians, and people from other countries choose to make Los Cabos and other magical towns in Baja California Sur, Mexico, their home or vacation home. Discover how to purchase your dream home in Baja. Make an appointment with the top Real Estate Broker in Baja: Nick Fong, featured on HGTV’s Beachfront Bargain Hunt.
Since 2010, Ronival has been helping clients find the best homes in Cabo and throughout Baja California Sur. And, they’re highly-skilled negotiators that’ll get you the best price. Whether you plan to buy a property or quickly sell your Baja real estate, they’ve got you covered!
If you’d like to take a tour of a property in Cabo or anywhere else in Baja California Sur, just click CONTACT to inquire. Or, call directly at 619-831-2000. Ronival will be happy to answer your questions. You can also schedule a time to show you around this breathtaking location.
Ronival on YouTube
Thank you for reading AVAILABLE NOW: Cash-out refinancing in Cabo through Global Mortgage. Be sure to read other posts about Cabo and Baja California Sur on the Ronival blog. There, learn about the many wonderful aspects of Baja California Sur, Mexico, from blog posts like this.