IRVINE, Calif. – Nov. 6, 2006 – Mexican citizens living in the U.S. can turn to a new resource for help with purchasing a home back in Mexico. With the launch of English and Spanish versions of a new Web site, ARA Capital now offers comprehensive financial services in both the U.S and Mexico. The new sites, www.arahipotecaria.com and Spanish version www.arahipotecaria.com.mx, provide information about peso loan programs, rates, and pre-approval. They also allow visitors to apply online and begin the process of buying a home in Mexico.
Southern California real estate has become prohibitively expensive for many people searching for vacation or retirement homes. Just a few miles south, Mexico offers beautiful countryside, stunning coastline and lower-costs. Both U.S. and Mexican citizens are drawn to owning a home in Mexico, where home mortgages were formerly unavailable. And affordable mortgage financing and inexpensive flights to cities including Puerto Vallarta and Los Cabos have contributed to the rapidly expanding cross-border mortgage market.
The National Assembly of Mexico only recently approved the SOFOM organizational format while instituting comprehensive Financial Reform measures which coordinate with applicable provisions of NAFTA, ECD, the ECFTA, and newly approved Banking laws in Mexico.
Incorporated in both the U.S. and Mexico, ARA Capital is a private mortgage bank specializing in U.S. and Mexican real estate. ARA Capital’s primary focus is on providing mortgage financing for American and Mexican nationals building, purchasing and refinancing homes in Mexico. The company also offers U.S. dollar loans in Mexico for U.S. citizens. Equity for property acquisitions and development is also available exclusively for developers with successful track records.
ARA Capital operates offices in Mexico City, Mazatlan, and Baja California. As the first American lending and credit institution approved as a Multiple Purpose Financial Company in Mexico, ARA Capital’s mission is to become Mexico's premier lending source by providing exceptional customer service and personalized financial solutions.