In this latest episode of The Nick Fong PODCAST hosted by Nick Fong himself, the founder and broker of Ronival Real Estate, Nick speaks with Alex Koper, the president of Global Mortgage, now called Moxi – a Global Mortgage Company. Today, Alex shares updates and great news about financing a home in Mexico.
Let’s talk about your financing options to buy a new home in Cabo and throughout Baja California Sur. Then, let’s discuss lower interest rates and the name change of Global Mortgage. Now, continue reading to uncover more about financing options for your new home in Mexico.
Discover Moxi – a Global Mortgage Company
Officially announcing their re-brand soon, Global Mortgage is now called Moxi – a Global Mortgage Company. As Alex Koper explains in the video, they are taking the best parts of Global Mortgage and wrapping them into a new package called Moxi. This is an “evolution” designed to serve clients even better than before.
Global Mortgage operates in U.S. dollars for their mortgages, and loans are serviced in U.S. dollars. Along with having their headquarters in Cabo, Global Mortgage has offices in Texas, California, and Illinois. It’s exciting to see mortgage options stationed in Cabo, one of the world’s most popular vacation destinations.
Refinancing and receiving liquidity from your Cabo home equity can offer solutions for homeowners. You may be intrigued by this option due to the area’s strong rental income potential. But during times of uncertainty, there can be additional reasons to refinance. Equity in your Cabo home may serve as a financial resource when other funds have been impacted during an economic slow-down.
How was 2021 for Global Mortgage?
According to Alex Koper, 2021 was a great year all throughout Mexico for Global Mortgage. As he says in the video, “the market was on fire for Global Mortgage!”
As 2021 was a great year for the real estate market in Baja California Sur, it was also a strong year for real estate lending throughout Mexico. To be specific, Alex says the year-over-year increase was 400%—or quadrupled—compared to 2020.
In addition to 2021 being a great year, it was also a transformative year for Global Mortgage. As Alex explains, the company went through changes to better serve clients and their communities.
Regarding the real estate business in Baja California Sur and how it affects Global Mortgage, Alex tells Nick that he sees increases in rental values in general. To explain, rentals are up across the board—this includes resort occupancy and rental houses throughout the area. That means, purchasing real estate in Baja Sur can make strong business sense when the ROI is trending upward.
The history of Global Mortgage in Cabo
Having been in Cabo since 2018, Global Mortgage is well respected there. Global Mortgage really hit their stride in 2019. As such, they decided to operate in Cabo because strong financing options for foreigners in Mexico simply didn’t exist in the same way. They are there to provide Americans and Canadians options for refinancing throughout Mexico.
Work With Ronival Real Estate
Ronival Real Estate has helped thousands of buyers and sellers across Los Cabos since 2010. If you’re interested in Cabo Real Estate, our team can assist with everything from showings and negotiations to closing and property management. Have questions? Contact us here or call +52 (624) 227 5766.