Mexico City /
Thanks to the fact that prices have not risen and that “today we have the lowest interest rates in the history of the institute”, it is an excellent time to buy a house and take advantage of the advantages offered by an Infonavit loan, he said Carlos Martinez, general director of the public housing institute, in an interview with MILLENNIUM.
“We are renewing our credit (which is now) at a fixed rate and with a fixed payment, which ranges from 2 percent for those who earn a minimum wage to 10.4 percent for those who earn more than 16,600 pesos (per month). This, compared to the banking system, is much more attractive ”, affirmed Martínez Velázquez and recommended that when comparing between mortgage credit products, not only interest rates are taken into account, but the Total Annual Cost (CAT), “Which tells you how much the total cost of your mortgage will be.”
Another point in favor of the new loan from the housing institute, added the official, is that month after month the employer’s contribution is dedicated to prepay the loan capital, which makes “pay faster,” he said and reminded the audience of MILENIO Television that owning a property is the best way to generate wealth.
“Having a home generates equity because you save on bricks, if you can say”, and also “it is a saving that generates surplus value over time and it is a collateral that can help you if you are about to start a business or as a guarantee to start another business activity. Namely: housing is an active asset that helps you do other economic activities”Explained Martínez Velázquez.
And to overcome the crisis
In addition to promoting home purchases, Infonavit also takes care of its borrowers. All those who are already paying a mortgage with the institute and who the pandemic left without a job or caused their income to decrease, have options to restructure their credits and remain as regular payers, said Carlos Martínez.
Just last month, the show was launched Infonavit Solidarity Support, dedicated to workers “who return to work after the pandemic or who are rehired in the labor market elsewhere and have an active credit for which they are paying more than 30 percent of their current income; With this program, the monthly payment is returned to 30 percent of your income at most, so that the rest of your income is free to spend on other goods and services in the economy, ”explained the official.
This action is important, Martínez Velázquez added, because helps economic reactivation at this time when jobs are recovering, “And at least 20 percent of workers in the formal sector have an active credit with Infonavit. So if they are employed with a lower salary than they had before the pandemic, their percentage of loan repayment is higher. That is why we make these adjustments, to help them continue using. Consumption is a very important engine of the economy, ”he said.
In 2020, during the height of the pandemic shutdown, Infonavit supported almost 450 thousand workers who had active loans and for some reason could no longer pay; “They prevented them from falling into overdue portfolio, their credit payments were reduced and that is why they are now reactivating their payments,” said Martínez.
Finally, the general director of Infonavit invited the institute’s accredited to open the website of their account on the body’s portal, where they can review their situation and participate in this type of program.
“If they already have a loan, that they seek to restructure and catch up, because this is the only requirement to participate in these support programs ”, he concluded.
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