How many years do you need to pay off your Infonavit loan?

If you are thinking of buying your own home through a loan Telephone detailsto know how much time the National Employees Housing Fund Institute to let go.

It was a few weeks ago when the Institute announced the flexibility of the terms and amounts of their loans so that people have control over their finances and can better plan their family’s finances.

So, starting on August 2, workers decide the time they want to pay off their mortgage, which can be from one to 30 years to buy and build a house, a in addition to paying a loan​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

To request a loan, employees must meet a series of requirements, including:

1. Formally apply to the Mexican Social Security Institute (IMSS).

2. Check if you have the necessary points and credit level in My Infonavit Account.

3. Take the free course “Know more to make a better decision”.

4. Request an appraisal of the property you want to buy.

If it is bought by a developer, the valuation will be done by the construction company, and if it is bought by an individual, this will be requested at the authorized valuation units.

5. Apply for credit.

Combine the file according to the output being processed.

6. Choose a notary public.

If you buy with a developer, he will be able to help with the deed but if you buy with an individual, the notary will be chosen when you register the credit. The selection will be based on the directory of notaries that collaborate with the Institute.

7. Get credit confirmation, which establishes the conditions and the date for completing the process.

When you receive Infonavit credit, the company you work for deducts the corresponding payment from your salary and transfers it directly to Infonavit.

Therefore, it is important to inform the employer once the funding is paid​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

To do this, it is necessary to get the Hanging Noticedocument that will be available once all the credit has been settled, through the following steps:

– Enter my infonavit account (micunta.infonavit.org.mx).

– Click on “Opportunities and trends”.

– Select “My Credit”.

– In the “Confirmation” line, confirm that the word “Liquidated” is found.

Once the credit status has been resolved, it is possible to access the My Credit section in my Infonavit Account to download the suspension notice.

In addition, the Mortgage Termination Instruction Letter must be created. This document is essential to start the Lien Release process, ensuring that the property is free of debt and can be sold, given or inherited without problems.