Purchasing a house requires a great deal of time and exertion; however, a bit-by-bit cycle can help make the home purchasing measure sensible and help you settle on the ideal choices.
The specialist may lessen the estimation of the portion of the term of the financing credit of the Housing Finance System (SFH). To do such, utilize the Time Guarantee Fund (FGTS) to discount the excellent equalization. The best part is that the entire cycle should be possible by phone.
It is permitted to utilize the FGTS to purchase a subsequent property if the Fund’s assets have been used recently in the purchased property along with someone else. However, is the client no longer co-proprietor? When you use the FGTS to acquire a property, regardless of whether along with someone else, you, the store’s assets, cannot be utilized once more. The estimation of the FGTS must be re-utilized if the proprietor sells the first property.
The limitation to utilize FGTS happens when the purchaser buys a property from a proprietor who has used the FGTS for under three years is to give as information the hour of procurement or to take care of the financing of the property you need to purchase. For instance, they utilized the FGTS to acquire a property and sell it a year later. If B needs to acquire that property, you cannot use your FGTS because A has utilized the store’s assets to buy similar property in a time of under three years.
Many people have a great plan of life, the acquisition of their own house. And no less! In this sense, the retained guarantee fund can be a great help in achieving this dream.
However hard you work for it, the point is that saving enough money to make that cash purchase can be virtually impossible. Finding a budget bank loan is also not easy, a fact that causes many to remain stuck in rental contracts, disbursing high amounts for something that is not yours.
Fortunately, however, an alternative may be the missing push to make your plans viable: using the FGTS resources to buy a home! Giving up the Time-of-Service Guarantee Fund to help dream of buying your own home is a great option, which you can use to acquire a residence ready to invest in a building under construction, you know?
Understand what the Guarantee Fund is
First, it is good to understand what this resource is. The FGTS is of amounts deposited by employers in specific accounts. The piece, which is deposited monthly and corresponds to 8% of the salaries in sheet, is of the worker.
The Guarantee Fund is one of the most critical provisions in our labor legislation. Its function is to protect the professional in case of a resignation made at the company’s initiative. It is why, when a person gets fired from work, they are entitled to withdraw the existing balance from your FGTS account.
Therefore, one of the objectives of this benefit is to act as a reserve for the worker to safeguard him in cases of emergency. While deposited, resources are used by the government to finance initiatives in several areas, such as housing, urban infrastructure, and basic sanitation.
In addition to cases of dismissal, the law provides that the holder may use the amount deposited in an FGTS account in the following situations:
- for the purchase of the house itself.
- to build on own land.
- in situations of calamity in the place where he lives.
- diagnosis of serious diseases.
- After three years without working with a signed license
It is worth remembering that if the worker quits for just cause, he will not be entitled to take out the balance of the FGTS. As each work contract gives rise to a new account, the worker must check the balance and situation to know how much has accumulated in your Guarantee Fund.
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