by Plalla Real Estate 
Calculate Your Mortgage Loan Easily and Quickly!
Are you looking for the best mortgage loan simulator to plan your home purchase? With our tool, you can easily calculate how much you can borrow and what your monthly payments will be. Our simulator is designed to help you make informed decisions when searching for a mortgage loan in Mexico, whether it’s for a house, apartment, or land. Click now and discover your financial possibilities in less than a minute!
Online Mortgage Loan Simulator
With our online simulator, you can get a clear estimate of your borrowing capacity. Simply enter details such as the amount you wish to finance, the term, and the interest rate to see your monthly payments. This simulator is designed for both Mexican residents and foreigners working in Mexico.
Are you a foreigner? We recommend reading our article on the best mortgage loans for foreigners in Mexico: Read the article here.
What Is a Mortgage Loan in Mexico?
A mortgage loan is a financial product offered by institutions to help you acquire property. The main feature of this type of loan is that the purchased property acts as collateral, meaning the bank can reclaim the property if you fail to meet your payment obligations.
What properties can you purchase?
Houses, apartments, land, offices, or commercial spaces.
- Loan terms: Between 5 and 30 years, depending on the financial institution.
- Interest rates: Can be fixed or variable.
Types of Mortgage Loans
Bank Mortgage Loan
- Offered by traditional banks.
- Down payment ranges from 25% to 45%.
- Fixed interest rates throughout the loan term.
- Requires a minimum credit score of 500 points.
- Applicants must be between 18 and 64 years old and have at least 6 months of employment history.
SOFOM Mortgage Loan
- Provided by Multiple Purpose Financial Institutions (SOFOM).
- Finances up to 95% of the property’s value.
- Higher interest rates and Annual Total Cost (CAT) than bank loans.
- Allows co-financing with INFONAVIT or FOVISSSTE programs.
How to Obtain a Mortgage Loan
Follow these steps to apply for a mortgage loan:
1. Gather the basic requirements:
- Official ID (INE or passport).
- Proof of income (pay stubs or tax declarations).
- Age between 18 and 64 years.
- Minimum employment history of 6 months.
- A credit score of at least 500 points.
2. Determine the required down payment:
- Typically ranges between 25% and 45% of the property’s value.
3. Submit your application:
- Include all required documentation.
- Wait for the financial institution to evaluate your payment capacity.
4. Review terms and conditions:
- Make sure you understand the interest rates and loan terms before signing.
Calculate Your Mortgage Loan Now
By using our mortgage loan simulator, you can explore various financial scenarios and find the loan that best suits your needs. Whether you’re looking for a home for your family, land to invest in, or an apartment to live in, our tool is designed to make your decision-making process easier.
Please note that this mortgage loan simulator is designed exclusively for Mexican residents, as well as for foreigners working in Mexico.
Conclusion
Applying for a mortgage loan is a significant step in achieving your dream of homeownership. That’s why having a simulator allows you to clearly understand your options and strategically plan your finances. At Plalla, we’re committed to providing you with the best tools and information to make your dream of owning a home a reality. Are you ready to take the first step? Simulate your loan today!
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