The advantages and benefits available to those who decide to finance an apartment through Minha Casa Minha Vida are many. The program was created in 2009 and since it was born it has helped many Brazilian families to get out of rent. It was thanks to MCMV that millions of people were finally able to say that they owned their own home.
In just over 10 years of its inception, Minha Casa Minha Vida has delivered more than 5.5 million apartments and houses across the country. It is considered one of the largest housing programs ever created in Brazil, both in terms of units delivered and investments made.
Tajarat strives to be Pakistan's biggest real estate developer ever, guaranteeing the highest international standards, prompt execution, and lifetime customer loyalty. For further detail visit skymarketing
That the MCMV came to help the Brazilian people, no one has any doubts. Below we list 5 reasons and exclusive benefits for those who want to finance a Minha Casa Minha Vida apartment. See why you should also finance your apartment or house:
1 – Proof of lower family income
One of the first steps to be understood by anyone who wants to finance a Minha Casa Minha Vida apartment is about the income ranges. Currently, the program has four family income brackets. See if you fit into any of the tracks:
1: For families with income of up to R$1,800.00 per month;
1.5: For families with monthly gross income between R$ 1,800.00 and R$ 2,600.00;
2: Families with monthly gross income between R$2,600.00 to R$4,000.00.
3: And finally, families with income of up to R$7,000.00 per month.
Another factor that is taken into account when applying for financing is the commitment of family income to the future installment. The amount of the installment cannot be greater than the equivalent of 30% of the total family income. In other words, if the total family income is R$2,000.00 per month, the amount of the installment cannot exceed R$600.00 per month.
If it exceeds this amount, Caixa will deny the financing. In this case, the family will have to pay a larger down payment or look for a cheaper apartment.
2 – Differential interest rates (the lowest interest on the market)
When financing your Minha Casa Minha Vida apartment, know that one of the advantages of the program is precisely being able to offer buyers lower interest rates than those practiced by the market and other banks.
In this case, the lower the family income, the lower the interest rate applied to the financing. The same goes for other fees and taxes, such as ITBI. The interest offered to buyers of the Minha Casa Minha Vida Program ranges from 5% to 9.16% per year. Remember that the lower the gross family income, the lower the interest rate charged.
3 – Differentiated entry value
In addition to having the two advantages mentioned above, when you decide to buy your Minha Casa Minha Vida apartment, you will also be entitled to a reduction in the down payment.
It works like this, in common housing financing, the down payment that the buyer must pay upon signing the contract is around 30% of the total value of the property.
However, when buying your new apartment using Minha Casa Minha Vida, the down payment may drop to 10%. With this, you can use the money that would previously have been spent on the property's down payment to furnish it, for example.
4 – Count on the Minha Casa Minha Vida subsidy
We've talked a few times here on the RPS Blog about Caixa's subsidy for MCMV financing.
The Caixa subsidy is certainly an advantage for those who decide to finance a Minha Casa Minha Vida apartment. The discount amount so that you can finally buy your new apartment can reach up to 47 thousand reais.
The subsidy amount is something that depends from family to family, as the lower the family income, the higher the subsidy amount offered.
The Caixa subsidy is an exclusive benefit for Minha Casa Minha Vida buyers, so don't lose this advantage and buy your new apartment right now.
5 – Different payment terms
And last, but not least, is the period for differentiated payment of the PMCMV. While in a common housing loan the maximum term offered by Caixa Econômica Federal is 360 months, or 30 years, when financing your Minha Casa Minha Vida apartment you can pay for your apartment in up to 420 months, that is, you will have up to 35 years to pay for the property.
The longer term is one of the advantages offered to program purchasers. This is a unique opportunity to finance an apartment or house without weighing down your pocket.
If you are interested in knowing more about MCMV and want to buy a property with all these advantages, contact one of our brokers right now. We have several projects ready to live that can be financed with all the benefits that only Minha Casa Minha Vida has to offer.
So, did you like to know more about the advantages of financing an apartment through Minha Casa Minha Vida? So, share this post on social media and help your friends make this dream come true together with you.
Source: Tajarat.com.pk