This is a recurring question for all those who intend to finance their own home. Is it possible to finance 100% of your property? The answer is not the best, as financing 100% for a construction is practically impossible.
This was once a possible reality, but Caixa's financing rules, for example, which was one of the easiest ways to finance a property, have been changed and today this percentage has dropped.
Maximum amount that can be financed
Today, the most you will be able to finance is 90% of the value of the intended good. Neither Caixa nor any other bank are releasing !00% of the property's value for financing.
Therefore, keep in mind when doing a financing simulation, that you will have to have an initial value, if your property has a total value of R$200,000.00 you will have to disburse at least R$20,000.00 to start your work.
It is also worth remembering that the release of 90% requires a series of requirements to be met, one of them is the amount of your income, so it is important to prepare yourself for perhaps having to provide a little more money to see your house. start to come true.
How can I use the subsidy
In Brazil today, people have earned the right to have an amount contributed by the government when they decide to buy or build their own home.
This subsidy can be used to help pay off your mortgage, but it cannot be used as a down payment to start your mortgage.
the subsidy "My home, my life" it is only released when the person proves that he is unable to pay for the full value of the property, so the government grants this benefit, so that the installments and interest rates are lower, and the dream of owning a home becomes more possible.
