Clipping of news on Brazilian Culture, Law and Citizenship
01/19/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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The increase in interest rates for new funding from Caixa Economica Federal for homeowners will have an impact of up to 14.3% in installments. According to a survey by the National Association of Executives in Finance, Administration and Accounting (Anefac), the most expensive funding will be most affected by the new rates, which apply to contracts signed from this Monday (19).
For lines of credit Real Estate Financing System (SFI), which finance properties over R$ 650,000 in most of the country and of R$ 750 thousand in Minas Gerais, Rio de Janeiro, São Paulo and the Federal District , the new rates will rise by providing 11.24% and 14.35%. For the operations of the Housing Finance System (SFH), which funds units between R$ 190,000 and R$ 650,000 (R$ 750,000, in Minas Gerais, Rio, SP and FD), the impact on installments will be much smaller, being between 0.83% and 4.69% in the lines readjusted.
The new rates apply to new housing loans granted with funds from savings accounts, and the more expensive SFH operations have not changed interest. According to the box, borrowers who have already signed contract will not change. The properties financed with funds from the Service Time Guarantee Fund (FGTS) or at My House Program, My Life also had not changed interest. The two modes only finance units up to R $ 190 thousand for lower-income families.
The new rates for housing loans were announced by the box in last Thursday (15). In SFH financing, interest, currently between 8% and 9.15% per year are between 8.5% and 9.15% per annum. In SFI's operations, the rates will increase from 8.8% to 9.2% per year to 10.2% to 11% per year. The bank justified the adjustment based on the increase in the Selic rate (basic interest rates), which increased from 10% to 11.75% per year in 2014.
Interest Housing loans Box are defined as the buyer profile. Who has relationship with the bank (account holder is or has investments in the institution), have salary-account and is a public servant paid lower interest rates as the borrower meets each of the requirements. As Box for 70% of mortgage loans in the country, the fees charged by the institution serve as a reference for similar operations in other banks.
The Anefac has modeled the impact of rising interest rates in installments based on a financing of R$ 500 thousand in the SFH and the SFI in two modes: constant provision (tabelaprice) and constant amortization, when the value of the plots decreases with time. In the case of constant amortization system, the impact was calculated for the value of the first installment. In the last installment, there is virtually no increase.
Check out the impact of higher interest of the transactions of housing loans:
High Impact interest in housing loans Case
Source: Agency Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.