Banamex Mortgage Loan, Adquisition with Cofinavit

The Mortgage loan also see your house as a new home.



Banamex offers customers like you, with Infonavit savings, a Cofinavit mortgage loan so you can buy your house with a fixed annual interest rate WITHOUT a committee and now life insurance and damages FREE.

Cofinavit is a co-financed mortgage loan that will increase your acquisition range so you can buy a higher-priced house because you will receive:

  • A loan authorized by Banamex.
  • A loan authorized by Infonavit.
  • The balance of your housing-savings account to use as down payment.

We make it easy to buy your home with Mortgage Banamex Hipoteca SIN or Hipoteca Banamex 11

Both mortgage loans give you the following benefits:

NO

  • Formalization fee.
  • Administration fee.
  • Advance payment fee.
  • Socioeconomic inquiry fee.
  • Increases on the interest rate or the monthly payments.
  • Incidentals.

There is no fine print here, you will know from day one how much you will pay every month and you can finance up to 90% of the value of house that you want to buy. Infonavit grants part of the loan and Banamex covers the other part.

If you want more information go to the Banamex Branch of your choice, or visit the Banamex Mortgage Loan Center closest to you or call toll-free 01 800 772 7474.

Check the Law of Transparency to make an informed decision.

Average Total Annual Cost (TAC) 10.1% without VAT. Applies for Mortgage Hipoteca Banamex 1 for home Adquisition with Cofinavit. Informative.
Average Total Annual Cost (TAC) 11.2% without VAT. Applies for Mortgage Banamex Hipoteca SIN for home Adquisition with Cofinavit. Informative.
Calculated on April 2014. Check hiring conditions and requirements at www.banamex.com. Subject to loan authorization. Restrictions apply.



1This product applies for Banamex 1 Customers only. Check www.banamex.com/banamex1.
Acquiring mortgages that exceed your payment ability can affect your patrimony and your credit history.
Failure to fulfill your obligations can generate late payment fees and default penalty interests.
The guarantor, joint obligator and/ or co-creditor will be considered as the main creditor by the Financial Organization.



Learn how to get your Credito Hipotecario Banamex Mortgage Loan.

Don’t wait any longer and apply now for your Mortgage loan… It is very simple!
Just follow these simple steps.

  • Go to the closest Banamex Branch or Banamex Mortgage Loan Center where one of our executives will give you counsel and offer the best option for your needs
  • Our executive will aid you in making different simulations of the type of mortgage that you select, with variables such as the required amount, the value of the house you wish to buy or your. monthly income.
  • The simulations will help give you an idea you of the monthly payments and the initial expenses (down payment, house value assessment, socioeconomic inquiry, and notary).
  • Keep in mind that a complete and well-documented file and an excellent credit report can speed things up. A sales executive will inform you of the outcome of your request and offer advice on how to go about appraising your new house.
  • Only real estate located in these areas will be considered for the mortgage loan.


Banamex mortgage loan with fixed interest rate, Adquisition with Cofinavit

Basic Characteristics

Intended Usage
Home Adquisition with Cofinavit
Financing %
Up to 90% of the house value
Product
Mortgage Banamex Hipoteca SIN
Mortgage Hipoteca Banamex1
Term (Years)
15
20 %
15
20%
Annual interest rate
10.65%
9.65%
Payment per Thousand
$11.15
$10.08
$10.53
$9.42
Fees: Credit Opening:
Credit Management:                                                                                          0%
Socioeconomic Inquiry:
Pre-payments:
Average TAC1
11.2% without VAT
10.1% without VAT
Insurance Factor Life insurance
Damage insurance
$0
$0
Minimum House Value Banamex customers: $500,000 (at National Level)
Banamex non customers: $700,000 in Mexico City
Guadalajara, Monterrey / $500,000 rest
of the country

Starting at $500,000
Cost Assessment
$ 2.850 pesos (including VAT) for properties up to $ 4,999,999 pesos
$ 5,000 pesos (including VAT) for the same property or greater than $ 5,000,000 pesos


The main requirements to request a Credito Hipotecario Banamex Mortgage loan are:

  • Have an Infonavit account (eligibility will be determined according to the Institute’s criteria, and confirmed through their web page)
  • Age: between 25 and 64 years 11 months (the age plus the term cannot exceed 84 years 11 months)
  • Minimum monthly income: $15,000
  • Working History: 1 year as employee/2 years as free-lancers
  • Minimum value of the House $500,000

To request a mortgage Hipoteca Banamex 1, besides the aforementioned requirements, you also

have to Be a Banamex 1 customer, Wealth Management and Private Banking which fulfill:

  • Signed in deposit accounts two years.
  • Minimum balance on deposit accounts $200,000 during the last 6 months.
  • Loan minimum amount: $1,500,000.
  • Have an excellent credit history.

Check all the requirements to request a mortgage in our Informative Pamphlet at the “Eligibility Criteria” and “Necessary Documentation” sections.

If you wish more information go to the Banamex Branch of your choice, to the closest Mortgage Loan Center or call toll-free 01 800 772 7474.

Check the Law of Transparency to make an informed decision.

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