Liquidity credits have grown by 7.5% in the first four months of 2021, and according to the Association of Banks of Mexico, 2,660 credits were placed from January to May 2021.

The liquidity credit is the one granted by certain financial institutions to individuals when real estate is left as a guarantee of payment. This financial tool allows access to financing for a longer term and with interest rates on average between 14% and 15.5%, lower compared to those offered by consumer loans.

The house, in addition to fulfilling its main function, which is to inhabit it, can serve to finance different actions that require money at lower costs, such as: undertaking or starting a project, covering unforeseen or leisure expenses and replacing debt whose payment profiles are more onerous.

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This last action allows the use of this instrument to improve personal finances and monthly financial flow when refinancing existing debts.

Another benefit it offers is that its way of paying is more comfortable and flexible in relation to credit cards, with which the client must pay off the debt in a short period of time and with high interest rates.

Also this type of credit through real estate allows access to important amounts of money that can go between 50% and 70% of the total value of the property.

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There are many products that people do not know they can access and mortgage brokers are the professionals indicated to inform people about their options depending on whether they meet certain requirements or not.

For example, the requirements that the applicant must meet for a liquidity credit through the home is to have a good credit history and that the real estate is free of encumbrance.

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