The Institute of the National Fund for Housing for Workers (Infonavit)is an organization whose objective is to operate a financing system that allows workers to obtain credit to, for the most part, acquire assets.
In order to obtain a credit from the Institution, it is necessary to meet some requirements and among them is also not exceeding the age limit. We tell you what it is.
In addition to this limit, there are other factors that have to do with credits and age. For example, after age 40, the guaranteed amount decreases over time until, upon reaching age 65, it is impossible to make this request.
According to the General Infonavit Law, which has undergone modifications since last year, the account holder may carry out this procedure up to the age of 64 with 11 months. And from the age of 40, the reduction in the guaranteed amount can be from 4,000 to 6,000 pesos per year.
It might interest you: How to transfer your Infonavit credit?
In this sense, the Institution marks the range of 25 to 35 years of age as the optimal one to request a loansince workers have the option of requesting a term of 30 years to pay so that the monthly payments are not so high.
If your plans include requesting a mortgage loan, take this information into account so that you can pay it in a timely manner without complications.
How much is a mortgage loan for you in 2022?
There are turbulent times in the economy, both in Mexico and the world, given that with high inflation and a rise in the reference rates of central banks, many people feel uncertain about whether it is convenient to request a loan. Infonavit to get a home.
The foregoing has repercussions and influences an increase in the cost of money, which has led commercial banks to adjust their interest rates, use of credit cards and other financial products that have been affected.
At this time, after having faced a health crisis for two years and currently facing the armed conflict between Russia and Ukraine, inflationary pressures have arisen that affect multiple economic sectors, and real estate is no exception.
Despite this, specialists believe that there will be a stabilization in the medium term, where Infonavit considers that current credits would not be impacted.
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