2023-08-07 19:51:09
In the event that the beneficiary loses his job and has a current Infonavit credit, he can request the Infonavit Total Extension online to stop paying his financing
The Institute of the National Housing Fund for Workers (Infonavit) understands that its affiliates cannot always count on a formal job, therefore, it has Extension Total Infonavit. Through this support, the Institute will allow theborrower not make any payments for some time.
The Extension is a modality offered by the Institute to help the beneficiaries to stay regular in the history with your Infonavit credit. Through this program, borrowers will be able to omit their mortgage payment from 12 to 24 monthly payments, the time will be determined by the date on which Infonavit granted the credit.
How does the Infonavit Total Extension work?
modality works only in case the worker has been fired, the support does not apply if he quit the job. In addition, to request the Infonavit Total Extension, the borrower must have stopped paying at least one monthly mortgage payment.
The terms granted by the program are: 12 months in a row, or for 24 months intermittently. Therefore, if the financing was granted before July 1, 1997, the affiliate of the Institute may make use of this support for 12 consecutive months, without calculating interest.
However, the loan was delivered after the aforementioned date, the borrower may use the modality for up to 12 months but with monthly interest calculation and capitalization. In addition to the fact that he will be able to make deferred payments, with a limit of up to 24 months until the liquidation of the credit; but they cannot be 12 consecutive months.
However, the borrower must consider that By using Infonavit Total Extension, your mortgage balance will be increased; Since, by having the option of not paying for a few months, you must cover the interest for those months that you used the program, which will be added to the total credit.
#Total #Infonavit #extension #support #borrowers #lost #jobs