You can now buy used houses with Mivivienda
Posted: Tue Jan 07, 2025 5:32 am
Credits will maintain the benefit of the subsidy up to S/.12,500 for homes with prices less than S/.185,000.
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PERU21 Editorial
Update Date
08/25/2019 - 22:47
Jose Reyes [email protected]
Since this month, banks have implemented the option of granting loans to purchase second-hand homes through the Mivivienda Fund.
This is an alternative that will allow access to properties at lower prices than those of new ones. A second-hand home is between 15% and 20% cheaper than a new one with similar characteristics, explains Gerardo Freiberg, general manager of Mivivienda.
THE ADVANTAGE OF THE BOND Those thailand number screening interested must meet the same requirements as those required under the Government program.
One of them is to qualify for a traditional mortgage loan from a financial institution. That is, income must guarantee payment of the loan.
The advantage of accessing the Mivivienda Fund is that it grants a subsidy (Good Payer Bonus) of S/.12,500 for homes (houses or apartments) whose prices are less than S/.185,000.
The bonus is reduced to S/.5,000 for properties costing from S/.185,000 to S/.259,000.
FIRST, SAVE For this acquisition, the buyer must have the necessary amount for the down payment (10% of the value of the property).
The scheme used for new units financed by Mivivienda cannot be applied, in which the interested party agrees with the real estate agency a pre-sale separation and, for six months, saves in a bank for the initial payment before signing the purchase contract and obtaining the loan.
"As there is no pre-sale, as the property is already ready, the owner cannot wait months before receiving payment," he points out.
In these cases, people are advised to first go to the bank and open a mortgage savings account, based on the amount of the home they wish to purchase. "Once you have the savings, then you can start looking for a second-use home," says the official.
RENOVATE YOUR HOME This mechanism will also benefit families who want to renovate their homes by giving the old one as part payment.
Image
PERU21 Editorial
Update Date
08/25/2019 - 22:47
Jose Reyes [email protected]
Since this month, banks have implemented the option of granting loans to purchase second-hand homes through the Mivivienda Fund.
This is an alternative that will allow access to properties at lower prices than those of new ones. A second-hand home is between 15% and 20% cheaper than a new one with similar characteristics, explains Gerardo Freiberg, general manager of Mivivienda.
THE ADVANTAGE OF THE BOND Those thailand number screening interested must meet the same requirements as those required under the Government program.
One of them is to qualify for a traditional mortgage loan from a financial institution. That is, income must guarantee payment of the loan.
The advantage of accessing the Mivivienda Fund is that it grants a subsidy (Good Payer Bonus) of S/.12,500 for homes (houses or apartments) whose prices are less than S/.185,000.
The bonus is reduced to S/.5,000 for properties costing from S/.185,000 to S/.259,000.
FIRST, SAVE For this acquisition, the buyer must have the necessary amount for the down payment (10% of the value of the property).
The scheme used for new units financed by Mivivienda cannot be applied, in which the interested party agrees with the real estate agency a pre-sale separation and, for six months, saves in a bank for the initial payment before signing the purchase contract and obtaining the loan.
"As there is no pre-sale, as the property is already ready, the owner cannot wait months before receiving payment," he points out.
In these cases, people are advised to first go to the bank and open a mortgage savings account, based on the amount of the home they wish to purchase. "Once you have the savings, then you can start looking for a second-use home," says the official.
RENOVATE YOUR HOME This mechanism will also benefit families who want to renovate their homes by giving the old one as part payment.