“How to Pay Your Mortgage with Your Infonavit Housing Subaccount and Lower Interest Rates”

Alejandro Aguilar
the good tone

CÓRDOBA.-Now with the Infonavit housing subaccount you can pay your mortgage with the bank, taking advantage of lower interest rates. We tell you how to do this.
In order to provide solutions that adapt to the real needs of the beneficiaries, the Institute of the National Housing Fund for Workers (Infonavit) launched a new credit product so that people can use their Housing Subaccount to pay their mortgage with the bank, thus taking advantage of lower interest rates.
This product, called Payment of Liabilities, has two financing modalities, which depend on the Balance in the Housing Subaccount (SSV) that the workers have and their debt with the bank or the Financial Institution.
The characteristics are: a credit amount of 9 thousand 461 pesos up to 2 million 595 thousand 491 pesos. If the amount of the credit plus the savings in the Housing Subaccount do not exceed the value of the house, the Title, Financial and Operation Expenses can be financed.
If the Balance in the Housing Subaccount is greater than the debt with the Financial Entity, the credit guarantee will be the amount remaining in the Housing Subaccount after subtracting the amount used to pay the bank.
The financing can be conjugal if the loan with the bank was processed as a couple, provided that the interested parties are married under a conjugal partnership and meet the requirements for the Infonavit credit.