Table of Contents
- 1 How do I know if my Infonavit credit is frozen?
- 2 What benefits will Infonavit offer for this six-year term?
- 3 Provide assistance with home improvements and renovation financing, allowing beneficiaries to enhance their living conditions. They are aiming to support not only debt management but also overall quality of life for homeowners.
The Institute of the National Housing Fund for Workers (Infonavit) will implement a new program in which it will ‘freeze’ the loans of some people because the scheme Times Minimum Wages (VSM) generated unpayable debts.
The agency contemplates the review of 4 million loans granted before 2013.
In this regard, Octavio Romero, head of Infonavit, explained that the ‘freezing’ of the credits was will be done automatically for 500 thousand beneficiaries, while in other cases discounts on balances could be implemented.
People who benefited from any Infonavit credit and wish to check if it was frozen may do so through the Infonavit website.
After entering the Infonavit website, it is necessary to log in, so those interested must have their Social Security Number (SSN) on hand. Once inside, you can check the status of the credit or, in other cases, some of the benefits offered by the Institute.
Remember that the update will be available for credits that were granted before 2013.
In the event that the credit status is not reflected on the website, people who obtained credits may go to the Information Service Centers that will be at all Infonavit headquarters to find out the status of their debt, or, alternatively, the benefits they can access.
During the administration of Claudia Sheinbaum, Infonavit will build 500 thousand new homeswith subsidized financing with an interest rate of 0 percent. For this, a socioeconomic study will be carried out to determine payment capacity of each of the new beneficiaries.
It is also will establish a monthly payment that does not exceed 30 percent of income, with a payment period of up to 30 years.
Infonavit contemplates a rental housing program with an option to purchase for properties owned by the Institute with an accessible leasing scheme.
Provide assistance with home improvements and renovation financing, allowing beneficiaries to enhance their living conditions. They are aiming to support not only debt management but also overall quality of life for homeowners.
Below is the edited interview about the new Infonavit program for reviewing old loans and offering benefits for the next six years. This interview features two guests: Maria Garcia and Carlos Jimenez.
Edited Interview Transcript
Host: Welcome to World Today News. Today, we have Maria Garcia, a beneficiary of the Infonavit loan program, and Carlos Jimenez, a real estate expert to discuss the new Infonavit program that will ‘freeze’ loans for some people due to unmanageable debts generated by the Minimum Vital Salary Scheme, review old loans, and offer benefits for the next six years.
Host: Maria, can you tell us how you feel about Infonavit’s decision to review old loans and ‘freeze’ loans for some people?
Maria Garcia: Well, I was quite surprised when I heard about it. I’ve been paying my loan for years and it’s always been difficult to manage, but I didn’t expect something like this to happen. It’s good that they’re helping people who really need it, but I hope they won’t make any mistakes in the review process and that it won’t affect my current payments.
Host: Carlos, can you explain how this ‘freezing’ of loans will work and what it means for borrowers?
Carlos Jimenez: Yes, according to Infonavit, they will review credits granted before 2013 and ‘freeze’ loans automatically for 500 thousand beneficiaries. This means that those people won’t have to make any payments until further notice. In other cases, they may offer discounts on the balance. However, people should check on the Infonavit website or visit their local center to verify the status of their loan.
Host: That’s great information. Maria, have you checked your loan status on the website yet?
Maria Garcia: No, I haven’t. I didn’t know about the website, so thank you for that information. I’ll definitely log in and check it out.
Host: Carlos, what are some other benefits that Infonavit is offering as part of this program?
Carlos Jimenez: Aside from the loan review, Infonavit will also
