1
YOU WILL BEGIN TO CREATE OR STRENGTHEN YOUR ASSETS
The higher the property value (in terms of capital gains), the more home equity also increases. Real estate experts say that a property is a durable asset which grows in appreciation over time, therefore increasing in added value.
2
IT IS A GOOD INVESTMENT OPTION
Any moment is perfect for purchasing a property, as long as it is at a fixed rate, given that rates and costs will inevitably increase and uncertainty will generate capital outflow and drive up interest rates. In actual fact, mortgage lending can be a good way to do this, given that interest rates remain competitive. Nowadays, there are certain products which can be used to freeze your rate and therefore prevent you from being affected by possible rises in interest rates driven by the central bank of Mexico (ask your Mortgage Consultant). Of course, it is also recommendable to purchase in zones or neighborhoods undergoing a process of gentrification, growing in capital gains, or in the process of consolidation. Approach a Mortgage Consultant to receive made-to-measure service and obtain the best financial terms with your approved line of credit.
A property can be turned into an investment option, income strategies can be applied to your new space via digital platforms, and part of the mortgage can be recovered without affecting your finances.
3
IT COULD BE MORE EXPENSIVE LATER ON
The Bank of Mexico has increased midpoint rates over the last 6 months, which has had an impact on mortgage rates. In addition, there has been uncertainty in terms of NAFTA, exchange rates and inflation. In light of these circumstances experts agree that housing prices are likely to increase in 2019.
