As of May 2, the borrower of the Housing Financial System (SFH) will be able to use the balance of the Severance Indemnity Fund (FGTS) to pay up to 12 installments in arrears. Approved by the FGTS Board of Trustees, the measure was published yesterday (19) in the Official Diary of the Union.
The measure is valid until December 31. Currently, the FGTS can be used in up to two situations for home ownership: the purchase or construction and amortization of installments of real estate financing. Despite the use of the fund to reduce the value of the installment, the use of FGTS resources to pay off installments in arrears is new.
Traditionally, the worker with real estate financing can use the balance in the FGTS accounts on his behalf to fully pay off or amortize (reduce the principal amount) of the debt of the homeownership. If the worker has in his FGTS accounts an amount corresponding to 12 months of installments, he can use these resources to reduce the value of the installments by up to 80% for 12 consecutive months.
In this situation, the FGTS can also be used to reduce the number of installments (and the total time of financing) or to deduct a part of the monthly installment, reducing the value of subsequent installments.
In relation to the purchase and construction of their own home, workers with at least three years of contribution to the fund can withdraw the FGTS money. The count is made by adding the time worked in the same company or in different companies, in consecutive periods or not.
The possibility of withdrawing the FGTS for the purchase or construction of their own home is only valid for those who are not the owner, usufructuary, possessor, assignee or prospective buyer of another residential property, built or under construction, in the same municipality, metropolitan region or in neighboring cities. where the worker lives or carries out his main occupation. This type of withdrawal cannot be made by holders of other financing granted by the SFH.
