A very difficult situation that has happened to more than one Mexican is be jobless, and these December dates and the January slope can be very stressful, especially if you have to make your mortgage payment. Therefore, the Institute of the National Housing Fund for Workers (Infonavit) has several options to avoid delaying your monthly payments.
The program of Flexipago that Infonavit has for the beneficiaries, gives three options so that you can keep up to date with the payment of your mortgage loan and that this bad streak does not affect your history with the institute, here we tell you how it works and the details in case you get to go through this situation.
We also recommend you read: What happens to your Infonavit credit if you did not change your wages to pesos
How does the Infonavit Flexipago work?
In case you have lost your job, Infonavit Flexipago has 3 modalities cWith which you can catch up on your mortgage loan payments, this while you find another job so that it does not affect your family economy.
Payment Protection Fund or Unemployment Insurance
This option allows you to pay only 10% of your monthly payment, while the rest is taken from the unemployment insurance that Infonavit has for these situations. This can only be done every 5 years so it is not something to be used lightly and you must have the following requirements:
- That your credit is prior to 2009
- Have had an employment relationship of at least 6 months
- Have at least a month without work
- That the date of unemployment was not within the period of the first 6 months that you took out the credit.
extension due to job loss
This option is for when you have already stopped paying your mortgage loan for 4 months, it can be applied for 12 continuous months or 24 months discontinuously. Applies to credits that have been granted before July 1, 1997.
pay the full month
If when you lose your job you can continue paying the entire monthly payment, you can later request the extension due to job loss or use unemployment insurance to catch up with your payments.
To see if you are a candidate for any of these modalities, you can enter “My Infonavit Account from the following link and check the My Credit option. Also going to the Infonavit Service Center that is closest to your home or call Infonatel from 800 008 3900.
For more information on this and other topics, visit our Credits section.