Clipping of news on Brazilian Culture, Law and Citizenship
05/06/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Give the house itself as collateral to get a loan with interest rates below the market average, extended terms of payment and agility in the release of the money. This is possible with a type of credit that arose in Brazil for five years and begins to popularize. But behind the facilities called refinancing or loan guarantee, there is a high risk: those who can not pay the debt can quickly lose the house, from the third installment in arrears.
- In general, a person can get up to 70% of the property value, to use as you wish. It is a very attractive method, but it requires very careful, because there are unforeseen lifelong. Unable to pay the debt means losing that property - says the lawyer specializes in real estate matters José Guilherme Pereira Souto, office Gotlib.
In CEF - one of the institutions that offer the sport - to demand more than doubled between 2011 and 2012. For 2013, the bank's expected high of 60% to 53,000 contracts.
Attractive market
Fabio Nogueira, director of Brazilian Mortgages - an institution that has this type of loan as flagship - says that this form of credit is still very discreet participation in the country:
- This is a new market and small, there is still much to happen. Especially because financing conditions are the best that can be found.
The advantage propagated over the guaranteed loans is the interest rate, which starts at 0.98% per month, while a conventional loan not leave for less than 3.04%, according to Central Bank data.
The applicant, however, must pay attention to how the benefits are corrected, said attorney José Guilherme Pereira Souto:
- There are options with fixed rates and others with correction for inflation, which can yield problems over time. Tuition can get out of control.
The lawyer Erotildes Machado, 54, had trouble with a loan, but managed to stay on the property after a court ruling.
- I made a loan to buy a new house, but just entering action because there was a lot of taxes and insurance being charged irregularly in my performance - says.
Care before making the transaction
Rate correction: You need to check the conditions of subdivision, ie, if the rates are fixed or have restatement. As these loans are long, the ideal is to opt for ways in which the total cost is already settled since the signing of the contract, without adjustment for inflation.
Extra charges: Pay attention also to the fees built into the loan contract, such as insurance and extra charges, which increase the benefits are not always mandatory.
Unforeseen: Before taking the loan, think well worth it committed to the monthly installments. And always remember that unforeseen events can occur during the pay period, how to get unemployment or have some illness in the family.
Commitment: The amount to be paid for the provision should not, under any circumstances, commit more than 30% of monthly income. But this percentage should be even lower, depending on other fixed expenses that the family has, such as health insurance, school children and bills and water, and food.
Indebted: Who is already in debt with payroll loans to avoid making a new loan giving the property as collateral, because the risk of failing to pay it is higher.
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Source: Extra - online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.