Clipping of news on Brazilian Culture, Law and Citizenship
25/1/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
According to the CEO of Abac (Brazilian Association of Consortium Administrators), Paulo Roberto Rossi, the consortium has been the choice of who wants to save and make the dream of home ownership.
"The consortium to provide home buyers with full installments, without interest, with portions suitable for the buyer's pocket. The economy performed makes the system a form of savings with a specific goal and trainer of personal wealth or family," he says.
Commercialization and contemplations
The cumulative sales from January to November 2009 had 184.6 thousand new shares, number 2.4% lower than the same period last year, when they were sold 189.2 thousand shares.
In the same period of analysis, contemplation (when the consortium are able to acquire their properties) grew 13.3%, from 55 thousand in the first 11 months of 2008 to 65.3 thousand in the same period last year.
Today, the System Consortium, more than 3.8 million participants who entered the system to acquire all kinds of goods such as cars, housing and services.
Consortium or financing?
In choosing between funding and the consortium to acquire the property, it is important to be aware of the advantages and disadvantages of each option and also to its buyer profile.
While it is possible to have the keys of the property so that the funding is released by the consortium, you should wait to be drafted to have access to credit.
Furthermore, associations, interest is not charged, only management fees. Still do not have to give any input to enter the system, whereas the loans as a good starting value help in reducing the time and therefore the decline in interest rates.
Source: Infomoney
This article was translated by an automatic translation system, and was therefore not reviewed by people.