What is behind the fame (good or bad) with these types of credits? What about the myths and realities of the Good Finance credit?

About Good Finance credits

About Good Finance credits

It seems that for some people, being a beneficiary of an Good Finance loan or qualifying for it is like a symbol of social desdoro. But for others it is a great help.

The Good Finance loan has been the vehicle for many inhabitants of the country to own a property, but it is financing that is wrapped in much rumor. Good Finance funds come from three parts: the government, the employer and the worker, and are dedicated exclusively to promoting the acquisition of homes.

Myths and realities of the Good Finance credit

Myths and realities of the Good Finance credit

One of the great myths is that the older you are, the more credit is granted. That is false. If the requirements are met, the institution grants the credit regardless of age.

Another myth: mortgage loans are given in circulating pesos. False.
Good Finance credits are sometimes given the current general minimum wage, as well as fixed monthly payments and must not exceed 30% of the monthly income.

Good Finance credit is not good for everyone. This is strictly true.
This type of financing is a good option only for people with incomes less than 10 thousand pesos – who hardly have access to a bank loan – and already have at least 20% of the value of the property in their sub-account of savings for housing.

Paying for credit is all that is needed. False

Paying for credit is all that is needed. False

When you buy a house, you should not only consider the value of the property, but also the initial expenses. On average they can represent 10% of the value of the real estate. Some of these expenses are indicated when you start the process depending on the appraisal, and may represent a percentage up to 4.% of the value of the property.

In sum, Good Finance seeks to support the low-income worker, but that does not mean that it does not support those who have a more relaxed economic position.

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