Types of real estate financing

Types of real estate financing: Last week we did a super special live with Rafael Bier from Competence Cred, who has been in the market for 12 years.

Initially, With the market heating up and current conditions, financing has become a good alternative for purchasing property. Whether for yourself as well as for investment.

With falling interest rates, the fall in the SELIC rate, especially real estate financing, has become an excellent alternative. Thus, it is currently the best period we have ever been in the country to finance properties.

Many still have doubts about purchasing a property financed in relation to renting.. According to Rafael explained to us, This can logically vary from appreciation and rental cost from city to city.

Nhowever, in a city like Florianópolis where the market is increasingly heated. And with appreciation rising every year, rents are not cheap. Definitely, without a doubt, purchasing a property is the best option.

How to calculate financing modalities

When we talk about the necessary down payment, we know that it must be at least 20% on the value of the property. And to find out how much financing the bank will release, it will be based on your income.

For every R$100 thousand that you wish to finance, you must prove an income of on average R$3,500, that is, if you want to acquire a property worth R$500,000.00 you need to multiply this income by 5x to know how much you must prove to be approved by the bank. There is clear variation from institution to institution.

We also clarify the issue of how to prove this income, each situation is analyzed specifically, varying for each banking institution. stherefore, some more conservative only evaluate income declared in income tax. As well as, otherThes evaluate bank transactions and among other questions of the CPF and CNPJ in question.

We are currently in a more flexible market moment in relation to this proof, which also favors the purchase of the financed property.

For residents outside Brazil, there are several ways to make financing possible, with each case being evaluated by the chosen institution within the country. 

The process and time to approve financing is taking an average of 20 to 40 days to sign the contract, and depends on correct and agile documentation from both parties. 

A very pertinent question is regarding being able to sell the property during the financing process, and Rafael explained to us that the financing can be paid off at any time, so we can actually sell the property.

FGTS and financing modalities

Another subject discussed was in relation to the use of FGTS, it is necessary to comply with some requirements, one of the main ones being that the property must be for housing purposes. You need to prove that you will live in that location. Soon after the value of the FTGS can be used to deduct, for example, the down payment or part of it, in financing.

We clarify about being able to have more than one financing, in relation to income and how this can be done and proven. That way, financing is also used for investment and not just as a exclusiveThe for housing. Still, it is possible, of course, to have more than one financing, analyzing the situation of each person in particular.

In other words, You can have as much financing as your income allows. 

In short, with such a heated market and the appreciation of Florianópolis, financing and buying property is the best investment currently.