Real estate credit is one of the most sought after options by Brazilians who dream of buying their own apartment or house. But we know that this is not easy in Brazil, as the country is still going through a complicated financial situation. However, don't despair, we have excellent suggestions for you to get the best credit with the best facilities.
We have put together a series of objective questions and answers for those looking for an easier way to obtain real estate credit.
All the information below was checked on the official websites of the banks mentioned here. But it is important to say that our Digital Seguro portal brings the latest information on credit, financing and much more every day! So stay tuned!
What is the minimum income to have real estate credit for financing?
In this case, let's assume that you decide to finance a property worth R$190,000, financed with a maximum term of 20 years. According to data from the Central Bank website, the monthly installment will be around R$1,000 and the minimum family income should be approximately R$6,000. (This is until 2019.)
What is the minimum down payment to finance a property?
This is perhaps the most frequently asked question here on our website. Well, let's go: folks, the average is 30% of the property value (official information). This calculation is based on your declared income, as the installment should not exceed 30% of your monthly income. Now, on the other hand, with financing provided by Caixa Econômica Federal, the minimum down payment for purchasing a property is 10.
What do I need to finance a property?
- Check the real status of your CPF.
- Move your account monthly.
- Have an account at the bank where you will request credit for financing.
- Always receive your payments in the account you want to request credit for.
- Check your score monthly.
- Gather the necessary documentation.
- Always do market research!
Which financial institution is easiest to approve financing?
If you choose to finance your property through retail banks – that is, large banks such as Bradesco, Itaú or Banco do Brasil – you will be subject to the highest interest rates on the market. Based on the latest report from the Central Bank, Banco Bradesco offers the best interest rate for both real estate loans and car financing.
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