How does real estate financing work for those who have a negative CPF?
Oh Real Estate Financing It is one of the most common forms of real estate acquisition in Brazil. The operation usually has a contract between the buyer and the financial institution, which gives credit to the purchase of the property.
To achieve this, an interested person must meet certain conditions such as income proof, credit analysis and the exhibition of basic documents such as CPF, RG, etc. Resident proofAnd proof of income. In addition, the financing amount and the payment term may vary according to the buyer’s profile and property value.
However, those who have a negative CPF will become more challenging the conditions of financing. The disadvantage indicates that there is an unpaid financial pending person, which usually prevents him from obtaining credit in standard conditions. Still, despite some additional limits and expenses, there are options available to those in this situation.
How does real estate financing negatives work?
For those with dirty name, financing options are more limited but not impossible. Some financial institutions still give these audiences credit, but with more strict situations.
One of the alternatives is a Guaranteed Or an additional guarantee as a good value. In addition, interest rates are high for people with a negative name, as the financial institution is a high risk when releasing credit.
Another important thing is that in some cases, financing parts may be high and the payment term may be reduced to compensate for greater uncertainty in relation to debt consent. In addition, the Credit analysis It is more detailed and the bank may require additional payment capacity credentials.
What are the most common credit limit types?
Major credit limits that affect financing approval Debts with credit cards, vehicle financing and personal loans.
When the user fails these pending issues, his name will be included Default recordsSPC (Credit Protection Service) and Serasa. There are a variety of restrictions, including “default”, which occurs when the person does not pay, and the “refusal”, which is the result of a significant delay in accounts.
These make consumer credit history unfavorable, making it difficult to get new financing, as banks feel the default as a reference to non -payment danger.
Other simple limitations:
- Law issues;
- Central Bank debts related to issuing background checks;
- Debts relating to property or last property tax;
- Debts with IRS in relation to income tax.
How to stop being negative?
The first step to stop being negative Debt. There are many ways to negotiate directly with creditors to search for contracts or search for institutions in debt regularization.
Financial institutions are also offering installments to pay. After debt payment or sorting, it is important to monitor the update process in credit records, which can take 30 to 60 days to remove after the discharge.
Also, it is necessary to maintain financial discipline to prevent the name from being negative again. This includes paying the bills, control the costs and not taking new debts without sure if you are able to respect them.
Why do you need to know this?
For those who have a negative CPF, understand how real estate financing is important, because it is more difficult, but it is also possible to earn property in the default. Knowing the alternatives of available alternatives and the needs of financial institutions will facilitate the process of negotiating and helps in planning the best way to sort CPF and confirm credit approval.
