Mortgage loans in pesos and dollars

Mortgages are provided in terms of interest rate and payment in pesos. These loans have the advantage that they need not convert and be known in advance payments. The maximum periods for these loans are in pesos.

Mortgage fixed interest rate in pesos

The interest rate is defined in the contract and does not change throughout the life of the mortgage. Always pay the same monthly fee and know exactly how much it pays and how soon, regardless of the market interest rates rise or fall. There may be a fee for prepayment.

Adjustable-rate mortgages in pesos

During an initial period (months) applies a defined interest rate and for the remainder of the term, the interest rate that is applied varies with market conditions. To determine these fluctuations, we apply a benchmark which can add or subtract a fixed percentage, called a differential. This makes the payments decrease when interest rates fall but will increase if interest rates rise.

Mortgage interest pesos mixed

Combines a period of two years or more in the interest rate remains fixed for a period variable interest rate. In some cases it is said that the interest rate does not change but the payments are growing at a rate defined by what is considered as mixed.

Mortgage loans in dollars

There is an institution in Mexico that has provided loans in dollars.
It is a fixed rate loan is paid in pesos, but the credit score takes into dollars. This product is designed for people who earn in dollars. As a fixed-rate payments are set consistently in dollars. Normally the maximum term is 15 years and the proportion of credit home equity is 65% maximum.


source: economia.com.mx