Real estate financing interest rate 2020

Finding the financing interest rate in 2020 is perhaps an easier task than in previous years, for those who reserved that extra money to invest in property, this is probably the best time.

Because we are experiencing a very delicate period in society, the new coronavirus has forced all companies from all institutions of all powers around the planet to reorganize themselves in a different way,

Buying your own home or an apartment is still one of the dreams of many Brazilians, isn't it? So know that this moment is perfect, if you meet the minimum requirements to be able to finance, such as having a job or a constant source of employment, which in turn allows you to be able to pay the established installments.

But the question you don't want to shut up, do you know what the new interest rates are?

Real estate financing interest rate 2020

Buying a property is undoubtedly the dream of most Brazilians and with the option of obtaining special interest rates, this has become much easier.

They already talkyou  in this matter here,  that those who have already managed to finance their property, however, have not been able to pay the debt made, due to covid-19, many banks are stretching the possibilities of paying the debt. Stay tuned!

The drop in the Selic rate, which was announced in December 2019, to 4.5%, and the reduction in interest rates on real estate loans among the five largest banks in the country, adding to the current crisis, opened up space for an optimistic scenario for real estate financing 2020.

Therefore, this year there was a very substantial growth in financing from the FGTS + savings” Even with the coronavirus. Crisis is also opportunity creation.

Changes in rates due to the new coronavirus

The drop in the Selic rate due to the new coronavirus brought new prospects for real estate financing in Brazil. This is because it directly influences the average interest rate on new real estate financing operations for individuals with earmarked resources (FGTS and savings).

Selic reports showed that “Interest rate drop: the positive impacts on housing”, by the Brazilian Association of Real Estate Incorporators (ABRAINC), this rate reached its minimum level in the historical series of the Central Bank of September 2019: 8.65% pa

As we said at the beginning of the article, the scenario shows that there has been a reduction in mortgage interest rates among the five largest banks in the country. After Caixa Econômica Federal lowered its rate to TR + 6.75%, private banks took similar steps.

For example, Bradesco's rate was 7.30%, Itaú Unibanco's rate was 7.45%, Banco do Brasil and Santander 7.99% – considering the calculation period for this matter.

Did you like it? How about finding out more about current mortgage rates? Then access the official portal of the Central Bank.