2024-07-11 12:06:17
HSBC answered the question How much should I earn to be able to buy a house in Mexico? But the answer that the bank gave for the average home loan you will not like it.
Currently, there is a Problem when buying a housebecause, as mentioned by the executive director of credit to individuals of HSBC, Enrique Margainthe prices of the households grew over a person’s salary.
And although there are various credits like Infonavitafter the Covid-19 pandemic, housing costs worldwide rose, making the age range for becoming independent (28.9 years) less realistic.
How much should I earn to be able to buy a house? HSBC has this answer
During a press conference to present a mortgage loan, the HSBC CEO He spoke about the current difficulties in buying a house, which requires a Monthly salary 313% more than the current minimum.
But, How much should I earn to buy a house? HSBC It is estimated that a salary of 48 thousand pesos per month is needed, considering the average rate (10.4%) that would pay 14 thousand 400 pesos per month for a house worth 1 million 680 thousand pesos.
He HSBC executive He added that the cost of buying an average house, that is, one valued at 1 million 680 thousand pesos, should take into account the increase in materials.
Since the HSBC director set an example that in March 2019, the interest rate was 10.33 but you needed to earn 30 thousand pesos per month to buy a house and pay 9 thousand per month.
According to the National Household Income and Expenditure Survey of the National Institute of Statistics and Geography (Inegi), in 2022 they indicated that per quarter, a Mexican family earned 63 thousand 695 pesos.
HSBC (Darkroom / Saul Lopez)
This is what you need to earn to buy a house according to other financial advisors
In addition to the daunting HSBC response Regarding what you should earn per month to buy a house, other financial advisors have also answered the question.
The general director of the firm Asesores Patrimoniales, Ricardo Velázquez, declared to Milenio that 25 thousand pesos a month are needed to pay for a house worth 2 million 500 thousand pesos, which is a higher price than that established by HSBC.
However, the ideal for buying a houseaccording to the analyst, is that it is not just one person who earns 25 thousand pesos, but that it is in a group of 3, that is, a total of 75 thousand pesos is had, for a 30-year loan.
It is established that at least 30% of your salary is to pay the loan for the purchase of a houseat least 25%, in addition to considering a down payment of 10 to 30% of the value of the property.
For its part, the simulator of the National Commission for the Protection and Defense of Users of Financial Services (Condusef) establishes that You must earn at least 19 thousand 800 pesos to pay 10 thousand a month when buying your house.
How much should you earn to afford a house? (Especial)
This is how you can get your Infonavit loan to buy your house
Likewise, the director of Wealth Advisors He also noted that the best option for buying a house is through a credit in Infonavitdespite the fact that the maximum amount to be lent is 2 million 716 thousand pesos.
Likewise, on the page of Infonavit beneficiaries You will be able to find a loan simulator, which takes into account both your age and your salary.
These are the steps to follow to request a credit in Infonavit and buy your house:
- Prequalification
- Choosing a credit
- Request the appraisal
Between the Infonavit credits that exist to buy a house are:
- Traditional credit
- Infonavit Support: with a mortgage loan for the balance of a Housing sub-account
- Cofinavit: also between Infonavit and a bank, such as HSBC
- Confinavit additional income, in which tips or commissions can be used
- Infonavit total
For its part, in each of the credits the documents that Infonavit asks you for are specified. buy a house.
Infonavit (Especial)
2024-07-11 12:06:17