Don’t Make These Mistakes When Looking For Mortgage Solutions

Applying for a mortgage is not just anything.

You must be as careful as possible when choosing which bank will be your financial institution, as well as what type of loan you will select and its conditions.

A mortgage solution is based on a loan granted by a certain entity, which will require the client to provide an endorsement that guarantees full payment in the event that the person defaults on the agreed periodic installments.

This guarantee generally has to be a property that meets the conditions expressed in the previous contract.

Common mistakes when choosing mortgage solutions

The bulk of the population believes they know what are the factors and conditions necessary to process successful mortgage solutions.

The reality is that there is still a high number of people who do not succeed due to high misinformation.

For this reason, below we will highlight the most common mistakes that citizens usually make when contracting mortgage solutions.

Not being able to give a down payment

It is a terrible mistake not to have enough money to cover the percentage that does not reach the financing.

This can lead to the client going into more debt trying to solve the situation through small personal loans or, worse still, using their credit card.

Not having a fixed income

An unstable work situation can be the downfall of any family that has plunged into the world of mortgage solutions.

The reason is simple:  not having the certainty of being able to continue paying the debt in the future.

Choosing the wrong mortgage

It is a popular belief to think that variable-rate mortgage solutions are the cheapest.

According to expert economists, the correct choice of the type of mortgage will depend on the length of time of the investment, that is if it is medium or long term.

Not understanding the contract and signing it anyway

The terms related to banking and economics can get quite confusing if you are not familiar with them.

In this sense, it is normal that a legal commitment is finalized with possible masked abusive clauses.

It is advisable to go to a lawyer or accounting advisor who patiently clarifies all your doubts.

Why choose ION as the best mortgage solution?

ION is a financial institution that was created especially to grant mortgages that promote the real estate growth of its clients, whether they are individuals, businesses or companies.

ION is a financial institution characterized by having flexible schemes that significantly reduce the time it takes to obtain a mortgage solution.

It also has a long history in the market that has positioned it as a solid and trustworthy institution.

ION is the best option in terms of mortgage loans for the following qualities:

Personalized service

Each case will be analyzed and evaluated from the beginning by trained personnel and not by an automated system.

High level of commitment

The company looks for the credit that best suits the needs that you expose, it also has an exclusive hotline for commercial advice from where the client is.

Transparency, safety, and efficacy

ION reports every month all the operations carried out before the National Banking and Securities Commission on a voluntary basis.

On the other hand, the response time after submitting a request is no more than 5 days.

Flexible plans

For individuals, ideal mortgage loans are offered to purchase a home, land loans and liquidity loans with a mortgage guarantee.

The business offers are made up of excellent bridging loans for the construction of offices and simple loans to cover their medium-term solvency needs for working capital.

Strategic coverage in the Mexican Republic

MEXICO CITY

DELEGATIONS (MAYORS)

  • Alvaro Obregon.
  • Azcapotzalco
  • Benito Juarez
  • Coyoacan
  • Cuajimalpa
  • Miguel Hidalgo
  • Cuauhtémoc
  • Gustavo A. Madero
  • Iztacalco Iztapalapa
  • Magdalena Contreras
  • Milpa Alta
  • Tláhuac
  • Tlalpan
  • Venustiano Carranza
  • Xochimilco

QUERETARO

MUNICIPALITIES

  • Apaseo the Great
  • The Marquis.
  • Corrector
  • Santiago de Querétaro
  • Tequisquiapan
  • San Juan del Rio
  • Huimilpan

GUANAJUATO

MUNICIPALITIES

  • San Miguel de Allende
  • Celaya
  • Irapuato
  • Lion

JALISCO

MUNICIPALITIES

  • Guadalajara
  • Chapala
  • Tlajomulco de Zúñiga
  • Tlaquepaque
  • Zapopan
  • Tonalá (only housing above $ 800,000.00)

MEXICO STATE

MUNICIPALITIES

  • Atizapan of Zaragoza
  • Cuautitlán Izcalli
  • Metepec
  • Tlalnepantla
  • Texcoco
  • Ecatepec
  • Naucalpan
  • Coacalco
  • Tultitlan
  • Cuautitlan
  • Huixquilucan
  • Nezahualcóyotl
  • Tultepec
  • Toluca Lerma
  • Tecámac (home with a minimum value of $ 800,000.00)
  • Calimaya
  • Ocoyoacac
  • San Mateo Atenco
  • Zinacantepec (only housing above $ 800,000)

PUEBLA

MUNICIPALITIES

  • Puebla
  • San Pedro Cholula.
  • Amozoc
  • San Andrés Cholula
  • Cholula de Rivadabia
  • Cuautlancingo
  • Atlixco
  • Tehuacan
  • Huejotzingo
  • Coronango
  • Ocoyucan

GENTLEMAN

MUNICIPALITIES

  • All municipalities in the state, only with housing developers with whom we have an agreement. Consult your commercial advisor.