he Infonavit started to freeze some credits in this month of November and here we tell you how you can achieve it in yours.
It should be remembered that the president Claudia Sheinbuam instructed the National Housing Fund Institute for the workers (Infonavit) to implement a historic measure, freezing credits.
The above happened last November 11, 2024 and the Institute froze the balances and monthly payments of 2 million mortgage loans that were granted under the Times Minimum Wages (VSM) before the year 2013.
Sheinbaum Pardo’s measure aims to alleviate the financial burden of families who had a loan that became practically unpayable.
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In this sense, Octavio Romero Oroprezageneral director of infonavit, commented that 64 percent of the 6.2 million loans that are part of the Institute’s portfolio are under the aforementioned scheme and their debt grew every year even if they paid on time.
At the end of the 30 years of the loan, families had debts five times greater than the amount originally financed.
How can I freeze my credit with Infonavit?
Since last November 11 of the current year,people who have a loan with Infonavit can verify if they are eligible to freeze their credits,have a reduction in rates,reduction of monthly payments or in some cases discounts on the balance and To do this you must enter the portal from Infonavit:
To enter, you need to have the following information:
- credit number
- Social Security Number (SSN)
- Unique Population Registry Key (CURP)
- Federal Taxpayer Registry (RFC)
When entering, check if you are one of those who have additional benefits, to do this you must verify that:
- If you are part of the 500 thousand accredited With automatic benefits, you will receive the information directly.
- If you are part of the group that needs to manage additional benefits, go to your Infonavit Service Center (Cesi) closest to obtain more details and activate the improvements in your credit.
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Who does the measure apply to?
You must keep in mind that only some of the borrowers will be able to freeze their accounts and they will be those people with mortgage loans in Times Minimum Wages granted before 2013.
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how does teh credit freezing policy impact existing Infonavit loan holders?
Interview: Time.news Editor with Infonavit Expert on Credit Freezing
Editor: Welcome to Time.news, where we bring you the latest insights and trends. today, we have with us an expert on housing credit and the Infonavit program, [ExpertS Name]. Welcome!
Expert: Thank you! It’s great to be here.
Editor: So, let’s dive right in. Infonavit has recently started freezing some credits as of this November.Can you explain what that means for potential borrowers and existing clients?
Expert: Absolutely! When we say that Infonavit is “freezing” credits, it means that certain individuals who might be eligible for loans or credits are currently being put on hold from accessing new funds or modifying their existing loans. This can impact those looking to buy homes or make adjustments to their current financing.
Editor: Captivating.What are some of the reasons behind this decision? Why now?
Expert: The decision to freeze credits is frequently enough influenced by several factors, including economic conditions, fluctuations in demand for housing, and even liquidity issues within the program. For instance, if there’s a meaningful rise in credit applications, Infonavit might need to pause new loans to ensure thay can adequately manage the funds.
Editor: That makes sense. For those who might be impacted, what steps can they take to navigate this situation? Are there any recourse options available?
Expert: Yes, there are a few things borrowers can do. First, they should stay informed about their specific loan status by regularly checking with Infonavit. Furthermore, potential borrowers can explore alternative financing options in the interim or consider speaking to financial advisors who specialize in housing credits. Communication with Infonavit is crucial to understand what specific actions they can take if their credit is frozen.
Editor: And for those who already have Infonavit credits, how should they prepare for this freezing process?
Expert: Current borrowers should review their financial situations and understand their repayment obligations. It’s also a good idea to prepare for any potential changes by ensuring that their credit history is clean,which can help facilitate smoother interactions with Infonavit in the future once the freeze is lifted.
Editor: Are there any timelines outlined for when these credits might be unfrozen or when borrowers can expect to see changes?
Expert: Typically, infonavit provides updates through official channels regarding any changes to their policies, but specific timelines can vary considerably based on broader economic contexts. It’s realy a waiting game right now, and the best advice is to remain vigilant and informed.
Editor: what advice would you give to potential homebuyers considering these changes?
Expert: Homebuyers should focus on being flexible and patient. While the situation can seem daunting, it’s essential to explore all available options.They should also consider non-conventional avenues for financing or look at different housing programs that may suit their needs during this freezing period.
Editor: Thank you, [Expert’s Name], for shedding light on this critical topic. It’s clear that while challenges arise with the current credit freeze,there are also options available for those proactive in seeking guidance.
Expert: Thank you for having me! It’s always a pleasure to discuss what’s happening in the housing credit world.
Editor: And thank you to our readers for tuning in. Stay informed and keep following Time.news for the latest updates on housing trends and financial advice.