2023-08-25 01:32:11
Written in ECONOMY on 8/24/2023 5:29 p.m.
The Infonavit recommends workers to move their mortgage loan from a bank towards the Institute with which they will save money in the monthly payment, since the interest rates are from 3.09 to 10.45 percent, depending on their level of income but lower than in the bank.
Infonavit said that it is necessary request financing from the Institute for Payment of Liabilities And by doing so, they will be able to save money on monthly payments and the financing can be paid off much faster.
He stressed that This product has two financing modalitiesdepending on the balance of your Housing Subaccount and the debt you have with the bank, the first is the payment of liabilities with mortgage guarantee, and if the savings in your Housing Subaccount is less than your debt with the bank, the Institute will grant a credit for the amount necessary to settle the debt and your house remains as collateral.
If the amount of the credit plus the savings in your Housing Subaccount do not exceed the value of the home, Title, Financial and Operation Expenses can be financed.
He also indicated that the payment term is from 5 years to 30 years, as long as your age plus the credit term is not greater than 70 years if you are a man or 75 years if you are a woman.
The second option is if the payment of liabilities guaranteed by the Balance of the Housing Subaccount.
If the Balance in your Housing Subaccount is greater than your debt, the credit guarantee will be the amount remaining in the Subaccount, after subtracting the amount used to pay the bank.
So now you know, Infonavit adjusts to your needs, so you can fulfill the dream of having your own home and achieve that stability that you are looking for so much for yourself and the people you love the most.
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