Begins to assert today new limit to purchase real estate with FGTS

This was the second high threshold in the last three months.
20/02/2017 10h37 - Updated 20/02/2017 10h37
Photo: reproduction

Begins to assert today (20) the resolution of the National Monetary Council (CMN) which increased the ceiling of the value of new properties acquired through the Housing Finance System (SFH). Up until 31 December this year, borrowers can finance real estate of up to R $ 1,5 million, using features of the Service Time Guarantee Fund (FGTS).

SFH financing charge lower interest rates than other market financing, from to 12% per year. Above these values, worth the standards of the Real Estate Financing System (SFI), with higher rates and set freely by the market.

This was the second high threshold in the last three months. In November, CMN had adjusted the financing ceiling of R $ 650 thousand to R $ 800 one thousand, most of the country, and R $ 750 thousand to R $ 950 thousand non-Federal District, in Minas Gerais, in Rio de Janeiro and Sao Paulo. The new ceiling of R $ 1,5 million will apply to all regions of the country.

in a statement, the Ministry of Planning reported that the measure will increase the population's access to cheaper interest rates and allow the movement of funds from accounts linked FGTS for the payment of benefits.

Source: Agency Brazil

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