Two good news gave this Thursday the Institute of the National Housing Fund for Workers (Infonavit) to the beneficiaries who already have a loan but that is located at Times Minimum Wage (VSM) and also to those who seek to start the financing process to have a heritage.
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In the middle of a press conference from the National Palace, the director of the institute, carlos martinez Velázquez, affirmed that a large amount of money was authorized for the generation of more housing loans.
Through an agreement between unions, employers and the government, Infonavit’s Board of Directors authorized the distribution of approximately 125 billion pesos to 57 million beneficiaries who do not have an active credit.
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The idea of this new initiative is that the beneficiaries have a better protection of your savings Given the variations caused by the inflation.
The second good news is that the borrowers who have their financing located in VSM will be able to convert it to pesos, through the tool called Universal Window of the Shared Responsibility program.
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This is an adjustment that should be considered by those people who have their credit in Times of Minimum Wage, otherwise they will continue to pay more each year. Some people who took out their credit under this scheme more than 10 years ago have paid much more in interest and the debt has become pricelessWell, the amount that was approximately 400 thousand pesos is currently up to one million pesos in some cases.
And it is that the credits in VSM suffer an annual increase with respect to the minimum wage or the Mixed Unit Infonavit (UMI). He Times Minimum Wage it was created at the time to protect against drastic changes in inflation. They were thought under the assumption that the salary of the workers was going to grow in such a way that it was going to win or that it was going to increase as the minimum wage grew; however, in recent years that is not a reality in the workforce.
However, this Thursday Infonavit announced that it reopened the window to convert financing into pesos and will offer the following:
-Elimination of annual adjustments linked to the increase in the minimum wage and the Measurement and Update Unit (UMA).
-Fixed interest rates between 1.0% and 10.45%, depending on the monthly income of the accredited or accredited.
-Balance and fixed monthly payments during the life of the credit.
-The employer’s contribution is paid directly to the principal amount of the debt, if the borrower has a current employment relationship.
In this sense, now with the proposal, borrowers will have the certainty of when they will finish paying their financing and exactly how much they will pay each month.
-Those interested will have to access the Universal Shared Responsibility Window at My Infonavit Account.
-Select the My Credit tab and then Shared Responsibility.
-Once there, enter the state and ZIP Code of the home you purchased with your credit.
-There will be revealed your statement of account and the new financial conditions.
-Then a window will appear that will indicate how much your fixed monthly payment will be, only in case you decide to convert to pesos; as well as the new interest rate, the pending effective payments and the amortization table to download.
-Be sure to review all the discount options in the monthly payment or in the balance offered by the Program, by clicking on the arrows located next to each option.
-Then you must confirm the conversion of your credit VSM to pesos and keep the Welcome Letter with the amount of the new monthly payment.
According to information from Infonavit, if you currently have a restructuring, you must accept its cancellation through the same platform.
