The promotion took effect and last year, the Social Security Fund (CSS) managed to allocate the majority of its budget for mortgage loans already retired, whose resources are totally destined to the program of Disability, Old Age and Death (IVM).
Luz Briceida González, head of the CSS Loan Center, reported that in 2022 they placed $18 million in mortgage loans and $17 million in loans to retirees, out of a total of $20 million allocated for each one.
At the end of 2022, the CSS managed a portfolio of $117 million in personal and mortgage loans, with 2,330 clients, 1,350 in the retiree segment and 980 in the housing segment.
Mortgages
González explained that the CSS It lends up to $300,000 to those interested in buying homes, transferring mortgages, and consolidating debts.
The institution does not grant preferential interest, although it finances homes in that range. The interest that it manages is always 1% less than what is current in the market.
According to the official, a common practice is that those borrowers whose loan expires preferential interest, they change their mortgage to the CSSsince it is more practical and the letter that they will pay is smaller.
Given the rise in interest rates that sensitively affects the mortgage portfolios, González informed that the technical unit of CSS inversion analyzes market interest rates and updates the information, always maintaining a lower interest rate than the current one.’
300
One thousand dollars is lent by the Social Security Fund for the acquisition of housing.
4.75
and 5 percent are the interests currently managed by the Social Security Fund.
Currently, the interests that are handled are between 4.75% and 5%
Another facility for families who intend to buy their home is that it is allowed to calculate the income, take into account parents, siblings and all relatives within the first and second degree of consanguinity.
98% of the value is financede sale or appraisal of the residence and the terms are given according to age, but the maximums are 30 and 35 years.
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Other requirements that are the appraisal of the property to be finance for acquisition or transfer, work letters, copies of identity cards and APC certification.
Loans to retirees
In the case ofs loans to retirees, the interest currently handled is 4.75%.
It is lent up to 65 years of age, with terms of up to 18 years, without charging handling costs and commissions.
The requirements that must be submitted are APC certifiedcopy of the identity card and a public service receipt stating the applicant’s address.
The expectation for this year, said the head of the Loan Center, is to place the entire budget for both portfolios, which is $40 million. Those interested in accessing the loans provided by the CSS can call the phones 513-1250, 513-1256, 503-3524 y 503-3529.
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