[Fishpathogens-develop] NUMBER ONE Success System

Tommy Lee noss1233 at gmail.com
Wed Aug 22 07:41:34 EDT 2007


Prices are often much cheaper than most areas of the U.S., but in many
locations prices of houses and lots are as expensive as the US, one example
being Mexico City. U.S. banks have begun to give home loans for properties
in Mexico, but, so far, not for other Central American countries.

One important difference from the United States is that each country has
rules regarding where foreigners can buy. For example, in Mexico, they
cannot buy land or homes within 50km of the coast or 100km from a border,
while, in Honduras, they may buy beach front property. There are also
different special rules regarding certain types of property: *ejidos* -
communally held farm property - cannot be sold to anyone, but that does not
prevent them from being offered for sale.

Many websites advertising and selling Mexican and Central American real
estate exist, but they may need to be researched.To make matters more
confusing these rates are often combined: For example, 4.5% 2 year fixed
then a 3 year tracker at BoE rate plus 0.89%.

With each incentive the lender may be offering a rate at less than the
market cost of the borrowing. Therefore, they typically impose a penalty if
the borrower repays the loan; this used to be called a *redemption penalty*or
*tie-in*, however since the onset of Financial Services Authority regulation
they are referred to as an *early repayment charge*.
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