among the high house prices, interest increases The new generations, who have an interest and a complex labor market, are trying to benefit from all alternatives to increase their income sources and ensure financial stability.
Within the framework of this purpose, the acquisition of a property has acquired a different meaning compared to a few years ago. yes ok, you have a house It is a basic need for living, it can also be a business opportunity with current technological tools.
According to figures from the National Banking and Securities Commission (CNBV), between January and July of this year, 22% of housing loans by multiple, development and some banks were given to men between the ages of 28 and 38, and 16% to women. in the same age group.
Cybel Magaña, national director of Mortgage Credit at financial advisory firm SOC, buy a house: on the one hand, they try to acquire a legacy, and on the other hand, they try to get a job from this inheritance.
“The trend globally is in the new generation, they can buy a property to live in, but also put it on rental platforms to earn extra income,” he said in an interview.
The largest customer volume when it comes to SOC they hire home finance Since the banking offer mainly caters to people over 21, it ranges from 30 to 45 years old.
But the industry is starting to realize the potential of this segment of the population, so banks and developers have adapted their offerings that way. young people have access to credit.
In this sense, SOC also decided to broaden its horizons through digital channels and a makeover.
“We see that young people are very well informed in the digital space and are trying to understand their financial situation in a smart format. Through technology, we provide tools to our network of financial advisors, such as a mortgage comparator, so that clients can get the product that suits them best,” Magaña added.
Mortgage portfolio stays healthy
The same inflationary context and economic uncertainty, Cybel Magaña reported that the mortgage portfolio of banking institutions nationwide reported a default rate of 2.6%, a record figure compared to other crises in the past.
“If we see the same indicator, but it was 4% in 2008 and 2009 and 19.5% in 1994, so it’s very healthy right now; This allows banks to bet on this product by absorbing the impact of the reference rate.”
According to the expert, this behavior is the result of several factors; One of them is the actions of banking institutions that offer up to six months grace period with no additional fees on mortgage loan payments during the health crisis.
On the other hand, the reference interest rate, which was around 5% at that time, allowed banks to make downward adjustments in interest rates. interest ratesplacing up to 7.4 percent.
“This way, people were able to restructure their loans and make payments more affordable by reducing the monthly payments they had committed in previous years,” the SOC spokesperson said.
It is worth noting that, mortgage loan It is the most relevant area of the companyIt has invested more than 48,277 million pesos between September 2021 and August 2022.
In 2021, the company’s growth is 42%; The expectation for this year is to maintain double digits of around 10 percent, albeit less aggressively.
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