Do you have or will you take a loan?

If you already have a variable rate credit it will be impacting you in a short or medium term it´s recommended that you prepare to reduce the impact this represents in these days because the volatility in the dollar, is why it is advisable to liquidate this type of Credits or refinance them with a fixed interest rate.

It´s important that you know the Bank of Mexico soon will increase the interest rate and the consequence of this, in consequence your credit will rise.

"Banxico is expected to have at least 100 basis points for the remainder of the year," Guillermo Aboumrad, director of market strategies at the institution specializing in investments in the Mexican Securities Market, said in a statement.

Will you refinance your debts?

So if you decide to refinance your debts at variable rate, it´s possible that the rate of the new credit will be higher, however this will avoid future increases.

Are you going to take out a mortgage?

And if you think or are thinking about taking out a mortgage, you are in very good time if you have a good hitch and if you don´t affect the monthly payments, this regards your income and your expenses month to month.

According to financial specialists, no big increase is expected, in interest rates on loans until the last month of 2016.

And remember, the sum of all your credits should not be more than 30% of your income.

Inform yourself, it's the best in this time!

It´s important that you stay constantly informing yourself, as the Trump effect will be reflecting very soon, which is why you have to be attentive and have the job and financial certainty to take out a mortgage.