A mortgage loan? Cash payment? Both?

The payment method to use for the purchase of a property will depend on the amount of money you have available to invest, as well as your credit reputation. The budget you have will help you choose the area, the type of land and the dimensions of your new property.

There are mainly two methods of payment:

• Through a mortgage loan granted by a financial institution.
• Through a cash payment.

If your option is to buy using the cash method, then you know what budget you have. However, even with the money, it is always good to consider financing, which could help you buy a more valuable property.

However, if you do not reside in the United States and want to buy a property here, there is the possibility of applying for a mortgage loan, with an initial payment that usually ranges between 25% and 50% of the total price of the property, and an average interest rate of between 5% and 7% for a 30-year term.

For people who are residents or are American citizens, these numbers change abruptly because they could buy a property only by providing an initial amount of approximately 9% and in many cases closing costs are included.

Once you are clear on the payment method you want to use, cash or loan or even cash and loan, then we can talk about the budget. This will allow you to determine the zones and types of properties to which you could have access.

Maricely Alfaro

Helping You Navigate Miami’s Real Estate Market

With 7 years of experience in Miami, I specialize in new constructions, investment properties, and assisting clients—both local and international—who want to buy, sell, or invest in South Florida. I provide clear guidance, transparency, and a personalized approach at every step.

My mission is to make your real estate journey smooth, secure, and stress-free, so you can confidently make the right decisions in a fast-moving market.