Clipping of news on Brazilian Culture, Law and Citizenship
 


House own

New rules for home financing begin to be worth today

06/11/2012

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 



Brasilia - From today (11), begin to enforce the new rules of the Federal Savings Bank for housing loans. Under the new model, borrowers will have five years to repay the loans. The box has extended the term of housing loans from 30 years to 35. The loans will be made with funds from the Brazilian System of Savings and Loans (SBPE). The funding SBPE benefit only borrowers who earn more than R$ 5400 per month or purchase of property over R$ 170,000.

The CEF also reduced interest rates for these modalities. For properties financed by the Housing Finance System (SFH), the rates fell from 9% to 8.85% per year. For buildings outside the SFH, interest rose from 10% to 9.9% per year.

The institution has also extended the term of the financing for the construction of houses and apartments with funds from savings. Starting this week, the builders and developers will have 36 months to repay the loans. Rather, the term corresponded to 24 months. The interest of these lines were also reduced from 11.5% to 10.3% per year.

For the construction of commercial properties, the effective interest rate fell from 14% to 13% per year. In financing for the construction and acquisition of property for his own use, the company will pay 12.5% per year, compared to 13.5% currently charged.

In all cases, the borrower also pays the Referential Rate (TR), variable interest rates charged on mortgages. However, the effective rates may be even lower if the borrower is the cash account holder.

The changes do not apply for funding with funds from the Guarantee Fund for Length of Service (FGTS), which includes the Minha Casa, Minha Vida. For these financing arrangements, the term remains 30 years.

On day 5, the vice president for Government and Housing Housing, Jose Urbano Duarte, said that increasing the term of these credit lines depend on approval of the Board of Trustees of the FGTS. "The CEF has asked permission from the Board of Trustees to increase the term."

According to the vice president, estimates the CEF for R$ 96 billion to grant housing loans this year, compared to R$ 80 billion last year.
By May, the institution had lent R$ 36.7 billion, against R$ 25 billion in the first five months of last year.



Source: Agency Board News

Our news are taken in full of our partner sites. For this reason, we can not change the content of these up in case of typing errors.

This article was translated by an automatic translation system, and was therefore not reviewed by people.

Important:
The JurisWay site does not interfere in the work provided by doctrine, why only reflect the opinions, ideas and concepts of their authors.


  Subjects list
 
  Copyright (c) 2006-2009. JurisWay - All rights reserved.