The Cost of Money
Some interesting facts about how much Honduras pay for money:
If you want to buy, remodel or build a house you can do it at the comfortable rate of 14.79% a year; compound interest. But no need to worry, you can get a response in a day for your 20 year mortgage.
It can be a little complicated if you want to buy a car as rates vary if the car is new vs. old. For a loan to buy a new car pay just 13.5% a year for up to 60 months. If you’re not as fortunate and can only afford a used car you pay 18.9% for up to 48 months. Thanks, but I think I will continue to ride the public buses.
For a general loan you can borrow Lps.180,000 without co-signer; Lps. 300,000 with co-signer at 24.96% a year for up to 48 months. Go ahead and buy that stereo you’ve been dreaming of, or take the much desired vacation to Disney World.
posted by Lynnette @ 9:24 PM
5 comments
5 Comments:
Hello my friends. Hope things are going well in your neck of the woods. Just an update on me..only 23 days until I get married. I'll save two seats and a crabcake for you at the wedding if you are in the area(...wait. make that a crabcake for Lynnette & a salad for Max). Otherwise I'll remember to send lots & lots of boring pictures of the wedding. Take care,
Love
Karla
About gringo jack's comment, it is true that the reason for the elevated cost of money is the lack of credit history, formal employment (most people are self employed farmers), or even an adequate home address. At the bank the other day a guy could not provide the three documents he was asked since he didn't have a picture id. The documents were a power bill, birth certificate and something else simple like that.
Yeah, we have group bitch-sessions within this coffee cooperative I work with once in awhile about how impossible it is to borrow money here. They want to have their own beneficio but don't have the capital to do it and borrowing that money is way too risky (and most likely, it would be literally impossible to pay off, even under ideal circumstances). Bummer.
Hola mi amor, es Mami
Te sigo hasta el fin del mundo.
Leí los comentarios. Sabes que???
Ustedes son dos seres elegidos. Tú sabes de donde vienes y lo que siempres has querido hacer. VOY A TI MI AMOR-(:
No se hable de mi querido hijo Max, Yo lo amo el es una de las personas mas dividanas que Yo he conocido. Si tú no te casas con él, yo te lo quito, es proma, pero quiero que sepas que Yo te amo y adoro a tú marido.
Dios me los proteja, Besos y Mucho amor
Mami xoxoxoxox
stopping by..can't wait to read more into your blog
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