Caixa has launched a fixed-rate mortgage loan, which is a big new development this year for those who are saving up to buy their own property. What will this change in practice?
There are many things and if you are looking to invest in a property or just want to buy to make a dream come true, you need to stay up to date with these new changes.
Is Caixa's new financing really cheaper? Or is it actually more expensive because it has a fixed rate? Check out all the information on this subject below.
However, it is known that the conditions are valid for new and used residential properties, with a financing quota of up to 80% of the property value. The customer can choose between the SAC amortization systems (with decreasing installments), for contracts of up to 360 months, or Price (fixed installments), for financing of up to 240 months.
Caixa's intention is to allow people to take out loans for 20 or 30 years, knowing from day one how much they will pay. Last year, the bank's president had announced the bank's intention to adopt pre-fixed mortgage loans.
However, he explained that, now, customers have three contracting options: with correction by the Reference Rate (TR), defined by the Central Bank; by inflation, measured by the Broad National Consumer Price Index (IPCA); or without correction.
“Remembering that we have a portfolio of R$460 billion. The IPCA (modality) with R$10 billion, we have already lent R$6.5 billion, and now we are also launching a fixed rate with R$10 billion”, said the vice president of Housing at Caixa, Jair Mahl.
Credit for Financing – Considerations
Still speaking on the topic of credit for financing, the current president of Caixa, Pedro Guimarães, signaled, on the morning of this Thursday, that the institution should reduce the interest on special checks to below 4.95% per month.
“We are, for now, at 4.95%. Today is real estate credit day, but we are going to reduce it too, we just approved that. So, president, these 4.95% will be reduced, because we are making a lot of money and we are going to give it back to society,”
He said this during the launch event of Caixa's new real estate credit line at a ceremony at the Planalto Palace.
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