Introduction The maximum loan amount is determined by multiplying the property value with the appropriate LTV Ratios.The ratio is a function of the loan term and debt service coverage ratio (DSCR). The ratios are as follows; if debt Service Coverage Ratio 2.5 ,then LTV Ratio is 80%.The maximum required loan amount = Property value *…
To buy a new or used car without breaking your budget, auto credit is a good solution. This specialized loan has several strings to its bow. Here’s how to take advantage of it. After buying a main residence, buying a car is one of the biggest expenses for households. Spreading the payment by taking out a…
What are the best mortgage loans 2022 in Mexico? One of the best moments of finishing paying your mortgage loan is having the satisfaction that your property is finally completely yours. For this to happen, you must begin to analyze which is the best and cheapest mortgage loan that fits your plan and those banks that offer you the best…
Find out below how mortgage loans work for foreigners and for Mexicans living abroad In case you are a foreigner living in Mexico and you are looking to acquire a loan to obtain a home, or you are a Mexican living outside the country and you want to grow your assets in another country, these…
