www.MoXi.Global
INTRODUCING MoXi®
YOUR TRANSPARENT LENDING PARTNER
MoXi® offerssecurecross-borderfinancingsolutionstoUnited Statescitizensseekingtosecurelypurchaseorrefinance propertyinMéxico.Foundedin2017,ontheprincipleof transparentlending,MoXi® isbackedbybillionsofdollarsin capitalandisaregulatedandauditedfinancialinstitutionin boththeUSandMéxico.Ourteamboasts200+yearsof internationalfinanceexperienceonbothsidesoftheborder,and weenjoyputtingthatexperienceandlocalexpertisetoworkfor ourclientsandpartners.
MoXi® mortgagesaresecureandtheyareboring!Forourclients, that’sawelcomechangetotheinternationallendingspace. EveryMoXi® Mortgage,nomattertheloanprogram,isfully amortized,hasafixedrate,noballoonpayment,andnohidden fees.Wetakeourcommitmenttoclientsuccessseriously;after all,therearenocompromiseswhenitconcernsquality, reliability,andreputation.
WE'RE ALWAYS EXPANDING
DID YOU KNOW?
In2019,MoXi® investedover$1M inlegalexpensetoensurethatour documentset,includingthe FideicomisodeGarantia,provides theultimatesecurityandownership protectiontoourclients.
WHAT TO EXPECT WHEN FINANCING
PRICING MODEL
MoXi® loanratesarepricedbasedonrisk-nearly identicaltotheway,conceptually,thatmortgagesare pricedintheUnitedStates.Manyclientsoftenfind thatourratesaresimilartonon-owner-occupied,nonagency(agencytypicallyreferstoFannieMaeor FreddieMac)mortgageratesintheUnitedStates, accountingforinternationalrisk.
METHODOLOGY
MoXi® loanratesareformulaicallydeterminedbasedonprimarywage earnerFICOscoreandloan-to-valueratio.Forexample,clients borrowing35%oftheirhome’sappraisedvalue(65%downpayment forpurchases)withahighFICOscore,willbeonthelowerendof MoXi’srange.Whilethisisastarkcontrastfromthe30yearfixed owner-occupiedmortgageratesavailableintheUnitedStatestoday, ourclientsoftenfindthatthetruecostofborrowingintheUSagainst anotherproperty,lostinvestmentopportunityinthemarket,and potentialpenaltieswhenpullingfromaretirementaccountcasts differentlightonthesemortgagerates.Inaddition,MoXi® loansare originatedandservicedinUSDollarsbyourUSServicingentity.As such,mortgageinterestpaidtoMoXiisreportedtotheIRSviaa1098INT,identicaltothewaythataUSMortgageservicerwouldreport interest.MoXi® istheonlyfinancecompanyinMéxicothatoffersthis convenience.
Manyclientsreportbeingabletodeducttheirmortgageintereston theirUStaxreturn,resultinginalowereffective-after-taxinterestrate. ClientsareencouragedtoconsulttheirCPAortaxadvisorregarding deducibilityofmortgageinterest.MoXi® understandsthatdream vacationhomeownershipinMéxicooftenincludessignificantvaluein offeringthepropertyforrentduringpeakperiods.Manyclientseven enjoycoveringanentireyearofpropertyormortgageexpenses throughrentalincomeinonlyacoupleofpeakweeks.Forthis reason,MoXi® allowsinvestmentpropertyfinancing,anddoesnot chargearatepremiumforpropertiesthatareofferedasavacation rental.Incertaincircumstances(typicallyrefinanceandcash-out refinancetransactions),subjectpropertyrentalincomecanevenbe usedtoqualifyforfinancingfromMoXi®.
VESTING
MoXi®,withoutadditionaladdedratepremium,allows clientstoborrowandcloseinthenameofaUSregistered corporation,LLC,ortrust–anadvantagenotordinarily offeredwithconventionalUSMortgages.Certain restrictionsanddocumentationrequirementsapply.
SELF-EMPLOYED
Self-employedornon-traditionalincomeearnersenjoy MoXi'sbankstatementoralternativedocumentation incomequalificationpolicy.Notethatinordertohelp clientstakeadvantageoftheUSandMéxicotreatyon doubletaxation,USpersonalincometaxreturnswillbe requiredfromallborrowerstovalidateUStaxpayerstatus.
However,incomeusedasabasisofrepaymentfortheloan canbeconsideredwithalternativedocumentation.
CONCIERGE TEAM
AtMoXi®,ourrelationshipwithourclientsdoesn’tendatthe closingtable.MexicanBankCommissionregulationsrequire thattheoriginatorofrecordtrackservicingandrepayment historyforthelifeoftheloan.Assuch,ourcapablein-house servicingteamoffersexquisiteclientservice,and allMoXi®Loansincludetheconvenienceofourone-pay program-takingthehassleandworryoutofseparatelypaying insurancepremiums,propertytaxesandannualtrusteefees.
Formany,thiseliminatestheaddedexpenseofhiringa propertymanagertocarefortheseancillaryproperty paymentsthataresometimesarduoustomakeinMéxico.
KEY DIFFERENCES:
FINANCING IN MÉXICO VERSUS THE US
Amongotherdifferences,incontrasttopropertypurchasesinthe UnitedStates,Méxicopropertypurchasesandfinancingtransactions involvethecollectionoffeesandtaxesonthefront-endversusonan ongoingbasis.Thisisoftenoneofthemosteye-poppingdifferences.
Forexample,atypicalpropertypurchasemayinvolvepayingfeesand taxesatorbeforeclosingaroundof7%-12%ofthepropertypurchase price.However,favorablepropertytaxtreatment,generallylower propertyinsurancepremiums,andotherreducedexpensesmakethe overallcostofownershipsignificantlyloweronanongoingbasis.
Breakevenmightoccuracoupleofyearsafterclosing,andeverymonth thereafteryouare“inthemoney.”MoXi® iscommittedtotransparency withoutexception.AskyourMortgageAdvisortoreviewourClientFee Letterforatransparentviewofallpotentialcostsassociatedwith foreigneracquisitionofpropertyinMéxico.
LOAN TERMS
MAXIMUM LOAN AMOUNT*
$2,500,000
MINIMUM LOAN AMOUNT*
$250,000
MINIMUM FICO
720 MAXIMUM LOAN-TO-VALUE**
65% LOAN TERMS Upto30years LOWEST RATES IN MEXICO ContactMoXi®
5 STEPS TO FINANCE
PRE-APPROVAL
YourMortgageAdvisorwillguideyouthroughtheprocessof submittingyourpre-approvalapplicationsothatyoucanshop withconfidence.Weofferfully-underwrittenpre-approvals forpeaceofmind.
APPROVAL
YourMoXi® ClientConciergewillschedulea30-minuteZoom welcomecallwithyouandyourMortgageAdvisorwhereyou’ll reviewandsignimportantdisclosures,discussanyunderwriting conditions,payfeesforthird-partyservices,andorderkeyitems fromvendorstocompleteyourtransaction.Inthiscall,we’ve consolidated3weeksofcommunicationinto30minutes.It’san excitingtime,whenyourMéxicohomeownershipbecomesreal!
FINDING PROPERTY
(PURCHASETRANSACTIONS)
Onceundercontractonyournewhome,acoordinatedand step-by-stepprocessbegins.YourMortgageAdvisorand ClientConciergewillpartnerwithyouandyouragentto navigatethroughyourescrowtoensureaseamless experience.
CLOSING
OurteamwillbeincontactwithyouandwithyourMortgage Advisor(andyouragentifyoulike)toscheduleyourclosing appointment,requestanyadditionalneededvesting documentation,andpreparethefinalescrowinstructionsfor youtowireyourfunds.Mexicorealestateclosingsaredistinctly differentfromthatwhichyoumighthaveexperiencedinthe U.S.TheyinvolveaLOTofpaper,andanexceptionalamountof coordinationbetweenbuyer,seller,lender,fiduciary,agent(s), escrow,andNotárioPúblico.Bewareofanyofferstodoa“soft closing,”oraclosingthatdoesn’tinvolveyouoryourappointed representative(byPOA)wetsigningdocumentsbeforea NotárioPúblico.
LIFETIME PARTNERSHIP
WearecommittedtobeingalifelongliaisonforMexican homeownership.Becauseweserviceourmortgagesinhouse, weloveremainingincontactwithourclientsthroughoutthelife oftheirmortgage!
KEY TERMS
APOSTILLE
Thepurposeofanapostilleistoauthenticatethenotarizationof documentstobeusedinaforeigncountry.Ifyouplantocloseyour loanwithMoXi® inthenameofacorporation,LLC,ortrust,the originalarticlesoforganizationmustbenotarizedandapostilledin theUnitedStatesandprovidedtoMoXi® priortoclosing.Inaddition, thePOAthatyou’llexecutepriortoclosingmustbeNotarizedand ApostilledintheUnitedStates.MoXi® workswithvendorsapproved inall50statestoexpediteNotarizationsandApostillestamps.
FIDEICOMISO
ForeignerscannotdirectlyownrealestatewithinMéxico‘s 'restrictedzone’,encompassinglandwithin100kilometersofany Mexicanborder,andwithin50kilometersofanyMexicancoastline. Topermitforeigninvestmentintheseareas,theMexicangovernment introducedtheFideicomiso.MoXileveragesathoroughlyvetted versionofthistrustagreementtoprovidelegalownership protectionstoboththeclientandthelender.
FIDUCIARY BANK
UndertheFideicomiso,aMexicanbankisdesignatedasthetrusteeto holdtitletothepropertyandisthetechnicalowneroftherecord.The BankTrustsenableforeignerstoenjoyunrestricteduseoflandincluding improvements,expansions,transfertoheirs,andtoprofitfromthesaleof thepropertywithoutrestrictions.Ifthebankgoesintofinancialdifficulty, thepropertyissimplytransferredtoanothertrusteebank.Theselaws arefederallyimposed.Yourpropertyisyours,justasitisintheUS.We've delegatedauthoritytoissuethesebanktruststhroughseveralreputable andthoroughlyvettedfinancialinstitutioninMéxico.
NOTÁRIO PÚBLICO
AllNotárioPúblicosarelicensedattorneysinMéxicoandarebackedbya similar(andoftenmorerobust)vettingprocessthanthatofattorneysin theUnitedStates.TheNotárioPúblico’sresponsibilitiesincludereview andexecutionofallrequireddocumentsrelatedtotherealestate transaction,coordinatingallaspectsofthe“Proyecto”withallpartiesin advanceofclosing,andensuringthatalldocumentsexecutedaredoneso inaccordancewithFederalLaw.
