AUSTIN, Texas, Jan. 23, 2007 (PRIME NEWSWIRE) -- Carefree Mortgage and Real Estate Title (RET), both Hermosillo based corporations, have formed a unique partnership and have improved their already robust software systems to make financing in Mexico a streamlined, worry free and effective process. RET will be handling all of Carefree's real estate transactions including title, bank trust and escrow account services. Through this partnership the client experiences a seamless process resulting in a clear legal title with an American title insurance policy, full ownership through an established Mexican bank trust, and homeowner's insurance from a national insurer; a complete turnkey solution.
Carefree Mortgage is able to originate, process, underwrite and fund loans all through a seamless web based system. Carefree utilizes MortgageDashboard, the leading web based software as a service (SaaS), which allows loans to be submitted directly to the Carefree Mortgage loan specialist team by a network of affiliate websites owned by Carefree affiliates located throughout the U.S., Mexico and Canada. Ray Desmond, founder of Carefree Mortgage states, "For four years I have been working on finding a way to efficiently process and close a residential loan in Mexico for Americans, so that they can have the same experience in Mexico as they are used to in the U.S. Low and behold! It all came together and I am able to offer the best quality product at the highest efficiency to both Americans and Canadians."
Carefree also offers loan programs never before available in the Mexican market. With a loan to value maximum of 80% borrowers are able to refinance with no out of pocket closing costs, because Carefree rolls closing costs into the financing. Carefree is also able to offer loan programs including a 3, 5, 7 and 10-Year ARM and a 30-Year Fixed.
Real Estate Title is the leading closing company in Mexico and has created innovative and proprietary closing software, which provides all of the tools necessary for the timely closing of real estate transactions in Mexico.
RET is truly a One-Stop-Shop, providing a wide range of services: legal counsel, title opinions for insurance companies (Fidelity, First American Title), contracts, trust incorporation, tax advice, investor representation at closing, notary services, risk management, as well as escrow account services. As quoted by Alvaro Villagran, President of RET and Licensed Mexican attorney, "Our closing software keeps all parties involved in the transaction informed, tracks all documentation, and allows for a paperless closing for our clients. We keep control of the entire closing process and because of this we are able to close quickly and more efficiently than ever experienced before."
Together Carefree Mortgage and RET are paving the road for a carefree future in the real estate financing market in Mexico. This partnership brings a complete turnkey solution to the market, meeting all needs at every facet of real estate transactions in Mexico.
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