Use FGTS debt to shoot the house itself grows 156%
This article was translated by an automatic translation system, and was therefore not reviewed by people.
BY ANA D'ANGELO,
By the end of the year should be removed from R $ 800 million fund to reduce the outstanding balance or pay benefits
Brasília - Official figures show that borrowers of homeowners are discovering the advantages to withdraw money FGTS (Guarantee Fund for Employees) to kill or liquidate the balance due and also to pay the benefits. Withdrawals with those purposes soared in the last four years.
In 2005, R $ 312 million out of accounts FGTS to pay or settle the housing finance. Last year, the volume more than doubled: U.S. $ 639 million. This year, only until July, have been dropped U.S. $ 482 million, which projects about $ 800 million by the end of the year (156% more). The average amount per borrower was $ 6 mil.
TREND ADVANTAGEOUS
Although at lower levels, the total amount used to pay part of the services also grew significantly, 63% in the last three years: he jumped from $ 59 million in 2005 to $ 96 million. This year, the estimate is $ 140 million, 137% more than four years ago.
There is no advantage to the borrower leaving money on the FGTS, as interest financing are much higher than the yield of the money remaining in the Guarantee Fund. While the balance of FGTS yields 3% per year over correction by the TR, the loans of homeowners charge fees ranging from 5% a year (lower incomes) to 12% per annum plus RT, in addition to secure housing for damage to property , which is calculated based on the value of the debit balance each month.
The increase in provision serves to bring down or pay off debt was greater than that of the traditional withdrawal to cover the intake or reduce the amount financed at the time of purchase, which grew 43% between 2005 (U.S. $ 2.8 billion) and 2008 (U.S. $ 4 billion). This year, the estimate is at most a draw with the total used in the past year. In this type of service, the average ranged from $ 8600 to U.S. $ 9300 per worker in the last two years.
TO PAY LESS PER MONTH
Draws attention to the statistics the fact that the use of FGTS to pay part of the service have grown this year more than other modalities in relation to 2008, when he started the international economic crisis. It means that many borrowers were not holding on to pay the service contractor initially. This is because using the balance of FGTS to repay the outstanding balance is more advantageous than to cover part of the value of the benefit due. Is that the borrower will pay less in interest over funding in the case of amortization, or get rid of debt once if you have enough in the FGTS for quite it.
Borrower can not have another property
There are basic rules for use of FGTS the house itself. The worker must have at least three years of the FGTS, even if not followed or recent. For use to pay off the outstanding balance or pay benefits, the property must be financed by SFH (Housing System) and be the home ownership of the borrower and his family.
The account holder can not have another property in the municipality where you reside or the main occupation, or in nearby towns or neighboring. Nor can it be promising buyer, or have purchased the rights of a property under construction, the plant. Another requirement is that the borrower can not have other funding SFH anywhere in the country
To request the withdrawal of the Guarantee Fund, the benefits of financing need to be updated. Another detail is that the borrower must have met these conditions also the time when he purchased the property, ie for home ownership.
The mechanism of FGTS use is not authorized in case of a commercial or residential funded out of the SFH.
Source: The Day Online
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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