[Figura 2]{.underline}

+--------------+--------------+------------------+-----+--------------+---+
| EJEMPLO DE   |              |                  |     |              |   |
| UNA          |              |                  |     |              |   |
| COMPARACIÓN  |              |                  |     |              |   |
| DE DISTINTAS |              |                  |     |              |   |
| HIPOTECAS    |              |                  |     |              |   |
|              |              |                  |     |              |   |
| *(No refleja |              |                  |     |              |   |
| préstamos    |              |                  |     |              |   |
| reales)*     |              |                  |     |              |   |
+--------------+--------------+------------------+-----+--------------+---+
| Préstamo de  |              |                  |     |              |   |
| ejemplo      |              |                  |     |              |   |
| \$200,000 -  |              |                  |     |              |   |
| a 30 años -  |              |                  |     |              |   |
| tasas de     |              |                  |     |              |   |
| interés solo |              |                  |     |              |   |
| de ejemplo   |              |                  |     |              |   |
+--------------+--------------+------------------+-----+--------------+---+
|              | Hipoteca     | Hipoteca ARM     | Hi  |              |   |
|              | tradicional  | solamente de     | pot |              |   |
|              | de tasa de   | interés, a 5     | eca |              |   |
|              | interés fijo | años             | ARM |              |   |
|              |              |                  | con |              |   |
|              | (7%)         | (interés inicial | op  |              |   |
|              |              | 7%;              | cio |              |   |
|              |              |                  | nes |              |   |
|              |              | interés máximo   | de  |              |   |
|              |              | 12%)             | p   |              |   |
|              |              |                  | ago |              |   |
|              |              |                  |     |              |   |
|              |              |                  | (i  |              |   |
|              |              |                  | nte |              |   |
|              |              |                  | rés |              |   |
|              |              |                  | en  |              |   |
|              |              |                  | el  |              |   |
|              |              |                  | 1^  |              |   |
|              |              |                  | er^ |              |   |
|              |              |                  | mes |              |   |
|              |              |                  | 2%; |              |   |
|              |              |                  | i   |              |   |
|              |              |                  | nte |              |   |
|              |              |                  | rés |              |   |
|              |              |                  | va  |              |   |
|              |              |                  | ria |              |   |
|              |              |                  | ble |              |   |
|              |              |                  | d   |              |   |
|              |              |                  | esp |              |   |
|              |              |                  | ués |              |   |
|              |              |                  | del |              |   |
|              |              |                  | 1^  |              |   |
|              |              |                  | er^ |              |   |
|              |              |                  | mes |              |   |
|              |              |                  | (c  |              |   |
|              |              |                  | ome |              |   |
|              |              |                  | nza |              |   |
|              |              |                  | ndo |              |   |
|              |              |                  | al  |              |   |
|              |              |                  | 7   |              |   |
|              |              |                  | %); |              |   |
|              |              |                  | i   |              |   |
|              |              |                  | nte |              |   |
|              |              |                  | rés |              |   |
|              |              |                  | máx |              |   |
|              |              |                  | imo |              |   |
|              |              |                  | 1   |              |   |
|              |              |                  | 2%) |              |   |
+--------------+--------------+------------------+-----+--------------+---+
| PAGOS        |              |                  |     |              |   |
| MENSUALES    |              |                  |     |              |   |
| OBLIGATORIOS |              |                  |     |              |   |
+--------------+--------------+------------------+-----+--------------+---+
| Años 1-5     | \$1,331      | \$1,167          | \$7 |              |   |
|              |              |                  | 39- |              |   |
|              |              |                  | -\$ |              |   |
|              |              |                  | 987 |              |   |
|              |              |                  |     |              |   |
|              |              |                  | (   |              |   |
|              |              |                  | con |              |   |
|              |              |                  | au  |              |   |
|              |              |                  | men |              |   |
|              |              |                  | tos |              |   |
|              |              |                  | an  |              |   |
|              |              |                  | ual |              |   |
|              |              |                  | es) |              |   |
+--------------+--------------+------------------+-----+--------------+---+
| Año 6 -- si  | \$1,331      | \$1,414          | \   |              |   |
| las tasas    |              |                  | $1, |              |   |
|              |              |                  | 565 |              |   |
| de interés   |              |                  |     |              |   |
| no cambian   |              |                  |     |              |   |
+--------------+--------------+------------------+-----+--------------+---+
| Año 6 -- si  | \$1,331      | \$1,678          | \   |              |   |
| las tasas    |              |                  | $1, |              |   |
|              |              |                  | 859 |              |   |
| aumentan un  |              |                  |     |              |   |
| 2%           |              |                  |     |              |   |
+--------------+--------------+------------------+-----+--------------+---+
| Año 8 -- si  | \$1,331      | \$2,094          | \   |              |   |
| las tasas    |              |                  | $2, |              |   |
|              |              |                  | 319 |              |   |
| aumentan un  |              |                  |     |              |   |
| 5%           |              |                  |     |              |   |
+--------------+--------------+------------------+-----+--------------+---+
| LOS EFECTOS  |              |                  |     |              |   |
| EN EL        |              |                  |     |              |   |
| BALANCE DEL  |              |                  |     |              |   |
| PRÉSTAMO Y   |              |                  |     |              |   |
| EL CRÉDITO   |              |                  |     |              |   |
| DE VIVIENDA  |              |                  |     |              |   |
+--------------+--------------+------------------+-----+--------------+---+
| Después de 5 | \$188,263    | \$200,000        | \$2 |              |   |
| años,        |              |                  | 21, |              |   |
| ¿cuánto va a |              |                  | 486 |              |   |
| deber?       |              |                  |     |              |   |
+--------------+--------------+------------------+-----+--------------+---+
| Después de 5 | \$11,737     | \$0              | *   |              |   |
| años,        |              |                  | NEG |              |   |
| ¿cuánto      |              |                  | ATI |              |   |
| crédito de   |              |                  | VO* |              |   |
| vivienda han |              |                  | \$  |              |   |
| generado sus |              |                  | 21, |              |   |
| pagos del    |              |                  | 486 |              |   |
| préstamo?    |              |                  |     |              |   |
+--------------+--------------+------------------+-----+--------------+---+