Mexican mortgage or private investor?

I know that many/most expat homeowners Lakeside were fortunate to be able to purchase their homes here for cash. Anybody out there take on a Mexican mortgage - or finance a real estate purchase via private investor? I've researched this as to how it works, etc., but I'd be interested in hearing from anybody who has done this, what has been your experience, any recommendations, steer-clear advice, tips, etc.? Much appreciated!

I've seen private money available in GDL reporter and Lake magazine.....@ 10 %.that would consider carrying Depending on your situation, I know some low end home owners that might carry a note @ 8-10 % over 5 - 10 years, with 40-50% down. GOOD LUCK.

Thanks, Jim W, those terms are better than what I'm finding, and they're what I can afford; I'm trying to finance a particular (new) house and I am negotiating with the builder/seller at the moment. Just curious about what others' experience has been.

Private lenders locally lend at 10-12% with 3 year terms but a few have been burned and are waiting. One local arranger charges a 5% loan fee for himself apart from the other customary closing costs.