While it is true that lending rates, the rates charged by banks for loans to customers, has no major changes to the debtor, there are institutions that offer a lower rate, so the recommendation is that a restructuring of the debt if the difference between institutional and other larger than two percent, said program director BA in Economics from Institute Technological Autonomy De Mexico (Item), Germaine Vargas.
“If, for example, hired 25-year mortgage and the bank will charge you a rate of 16% per annum for the valuable you decide to pay off your debts and mortgages with other banks because the interest will fall down more than half a percentage point,” said the scholar.
Scotia bank HSBC, for example, is some entities that have lower interest rates mortgage loans, with the aim to gain a larger market share.
If you are thinking about starting a restructuring of your debt, it is best to pay the full debt you have in credit card and start the process of restructuring the mortgage debt, he said.
“If before it paid 8500 pesos per month for your home and going for 20 years at the time of the restructuring will give you freedom in your earning potential when 7.5 A00 reduce that monthly payment. It can also consider implementing other credit or finance a car,” Item said the teacher in it.
Another aspect to consider is that you consider what your financial future, i.e., you do not say goodbye to your job and you will have a solid economic future to handle the renegotiation of credit, said Rojas.
If you are looking for debt restructuring in this credit card options offered by banks to customers, according to data from the National Commission for the Protection and Defense of Financial Service Users (Conduce).