U.S.-Style Mortgages Coming to Mexico?

Finance North America, San Diego, has closed what it believes to be the first U.S.-style mortgage in San Miguel de Allende, a move that it said expands Americans' ability to use U.S. funding for property investments in Mexico."American investment has been stunted by regulations guiding funds from Mexican lenders," said company president Russ Schreier. "We've eliminated the cross-border barriers." FNA can be found on the Web at http://www.financenorthamerica.com.

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