Mexican Financing: How it Works, What Is Involved
In My Payment?
You will
notice some differences in your payment and the
terms from typical financing in the US. Your
loan payment does not include your taxes and
insurance as it does in the US.
Monthly Payment Make Up:
Principal & Interest.
Lender Provided Insurance (required):
0.12201% of the appraised value per year.
Lender Provided Life Insurance (not
required): 0.32977% of the loan amount
per year.
