Having access to housing has become a life objective; To achieve this, certain basic knowledge of the real estate and financial market is required, without neglecting the correct advice from experts in Real Estate.

1.- It is important to remember that to acquire a house or apartment, mortgage credit is the main tool. Among the main recommendations to select it are to review our credit history in the Credit Bureau and evaluate the level of indebtedness so that it is not high and correct it before requesting

It may interest you: Construction industry in Mexico had its best month with a recovery of 4.7%

2.- Consider how much you have saved and know how much the bank can lend to know how much the monthly payment will be. In this way, adjustments in the family economy can be identified.

3.- Compare between the different credit options on the market based on who offers the best interest rates, who offers the best insurance coverage, commissions, etc.

4.- Identify the Total Annual Cost (TAC) and, likewise, compare.

5.- For those who work in the formal economy, the credit of the Institute of the National Housing Fund for Workers (Infonavit) is always an option, considering that it is not required to have a credit history to request it, but rather the system of points indicates if you are a creditor.

We recommend: Applications from women to purchase a home with credit increase

Other financial tips

1.- Save: Experts recommend saving between 25 and 30% of income for the purchase of a property and allocating them for the down payment. In case of accessing a mortgage loan, the monthly payment of the loan to which we have access will be the maximum equivalent to 30% of our income.

2.- Reduction of expenses: This will help to improve savings and in the end, there will be a positive impact on the budget that can be allocated to the acquisition of the future home.

3.- Prepare a monthly or biweekly budget: You must be disciplined in the management of personal or family finances.

If you want to acquire an apartment to rent in the Benito Juárez municipality, the Del Valle neighborhood may be an option. Check the offer in this colony here in Solili.

Read the full article