Silvergate Bank expands Mexico Lending Division financing optionsMortgagePress.comMexico mortgage lending, Silvergate Bank, financing options
Silvergate Bank has expanded the financing options offered by
its Mexico Lending Division by removing its 50 percent financing
guidelines on purchases and refinances and replacing them with
guidelines of up to 70 percent on property values, as well as loan
amounts of up to $2 million.
The new guidelines are based on two-, three- and five-year fixed
terms, with a 30-year amortization option. Financing is primarily
based upon borrowers' fiscal strength and creditworthiness in the
Silvergate Bank is a savings-and-loan institution based in La
Jolla, Calif. For more information, call (858) 362-6300 or visit www.silvergatebank.com.