Contracting financing to acquire a property before the Institute of the National Housing Fund for Workers (Infonavit) entails a commitment, and although there are times when the corresponding payment cannot be made, to make provisions, the organization warns by maximum term without paying debt of credit for which they can remove the home.
Although the Infonavit has the objective of helping workers so that they can get a home, by offering facilities to acquire a creditthe affiliates undertake to pay the debt within a certain time, but if they do not comply with this part, the Institute warns that there is a deadline to cover the debt or is it possible remove the home to the accredited.
According to Infonavitit is established that the maximum term without paying the debt of a credit is four years, once this time has passed, the Institute is able to claim and remove the home. However, this is not immediate and a trial must be resorted to for the adjudication claim to proceed.
Infonavit offers alternatives to pay the debt of a home loan
It should be remembered that for pay a debt of credit of the Infonavitworkers receive a discount on their salary, or make deposits, however, if they cannot continue covering the debt, there are alternatives to prevent borrowers from remove the home. These options are the following:
This option offers that in case of unemployment, month by month borrowers can go from making their full payment to only paying 10% and the rest will be covered by Unemployment Insurance (Payment Protection Fund). Likewise, the extension can be used, as long as the user has available months.
If due to an accident or illness that incapacitates you you have to stop working and cannot pay your monthly payments credithe Infonavit supports by granting a permanent 50% discount.
- Payment capacity opinion
Borrowers can have the amount payable lowered credit once your monthly income and expenses have been analyzed. Universal Shared Responsibility Window: Those who have a loan contracted in Times Minimum Wage (VSM) may find that their debt continues to increase, so they can convert their financing to pesos, so the amount of the debt can be fixed, as well as that of payments to be made monthly.