Learn about the 8 types of Infonavit credit
<p><strong>Learn about the 8 types of Infonavit credit</strong></p><p>Did you know that Infonavit has eight different types of home loans? Find out below what type of Infonavit credit is best for you, whether to acquire a new home, remodel or rent.</p><p>The Institute of the National Housing Fund for Workers, known by its acronym Infonavit, is the institution in charge of financing credits requested by their <strong>beneficiaries</strong> , to acquire houses or apartments, however, there are also other credits granted by Infonavit that allow the home remodeling, change of house, pay the rent of a property or finance a second loan. We present below the complete list of the 8 types of credits granted by Infonavit.</p><p>What are the 8 types of Infonavit credit?</p><ul><li>Infonavit Credit</li><li>Cofinavit</li><li>Cofinavit Additional Income</li><li>Infonavit Total</li><li>Your Second Infonavit Credit</li><li>Improvement</li><li>Cambiavit</li></ul><p>Infonavit Credit</p><p>This credit is the most requested by the Infonavit beneficiaries, which is used to buy a new or used house, granting an amount of up to 1 million 712 thousand 717 pesos, with an interest rate of 12%, the additional expenses will represent 3 % of the credit amount, for people with monthly income of up to 6,370 pesos. Said credit can also be used to remodel or expand a home, build on land or pay the mortgage previously processed with a different financial institution.</p><p><a href="https://skymarketing.com.pk/">SkyMarketing Islamabad</a> is a leading marketing company working on many real estate projects like <a href="https://www.skymarketing.com.pk/lahore-smart-city/">smart city Lahore</a>, <a href="https://www.skymarketing.com.pk/islamabad/capital-smart-city/">capital smart city Islamabad</a> and development housing societies in Pakistan.</p><p>Cofinavit</p><p>A second financing option is through <a href="https://thevistek.com/">the Cofinavit loan,</a> which can be used to purchase a new or used home. This credit, granted by Infonavit and a second financial entity, will be used to add an amount greater than that granted by Infonavit. The Cofinavit loan will provide a credit of up to 441 thousand 43 pesos, with an annual rate of 12% and additional expenses of 5%.</p><p>Cofinavit Additional Income</p><p>In the case of the Cofinavit Additional Income Credit, it will be granted between Infonavit and a financial institution, and unlike the Cofinavit credit, this will contemplate the additional income received from commissions, fees and extra income, however, your salary should not exceed the amount of 8 thousand 950 pesos per month. The highest amount for this credit is 418,991 pesos, with a rate of 12%.</p><p>Infonavit Total</p><p>Infonavit Total is a credit with which you can be a creditor of up to 1 million 955 thousand 291 pesos, with an annual rate of 12%, although the credit may not exceed 95% of the value of the property to be acquired. The beneficiary may not have a salary greater than 9,555 pesos.</p><p>Your Second Infonavit Credit</p><p>If years ago you applied for an Infonavit loan and it has already been paid off, it is possible to <strong>request a second loan</strong> , which provides up to 1 million 943 thousand pesos and additional expenses of 5%, which can be avoided if the beneficiary receives less than 9 thousand monthly 555 pesos. It should be noted that this credit is only available to people under 65 years of age and whose Infonavit credit has been paid at least 6 months before, in addition, the monthly payment to this credit may not exceed 30% of the monthly payment of the beneficiary.</p><p>Improvement</p><p>An extension or remodeling of your house will be possible through the <strong>Mejoravit Credit</strong> , which, through a financial entity, will be granted from 3 thousand 920 pesos with 38 cents to 54 thousand 885 pesos with 38 cents, for a term of 12 to 30 months , with a rate of 16.5%.</p><p>Cambiavit</p><p>If you want to change cities, have a home closer to your work area or a better living environment, the Cambiavit Credit is the ideal one for you. To qualify for this credit, it is necessary to have a traditional credit for two years, that said property is registered in the Public Property Registry and a home with a lower value must also be considered, in order that the difference be paid to the credit balance.</p><p>After having reviewed the different Infonavit credit options, we are sure that at least one option adapts to your financial scheme and the needs of your family. Remember that <strong>Vivanuncios</strong> is # 1 in real estate and here you can find for sale or for rent the home of your dreams.</p><p> </p>
