Mortgage loan applications require further analysis in Covid-19 times
The economic situation as a result of the Covid-19 pandemic has left a high percentage of unemployment and cuts in wages, which has caused people to postpone applications for personal, mortgage and / or car loans.
However, the also Coordinator of the Mortgage Committee of the Association of Banks of Mexico (ABM) emphasized that although the key to credit remains open, which provides liquidity to the market; the analysis by the banks is much more careful since the income mix must be reviewed before and after the Covid-19.
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