The mortgage portfolio is defined as the loans granted by banks or financial entities to facilitate families the real estate purchase when they do not have all the money available in cash.
A first semester 2023 Dane study shows that 76.4 percent of mortgage creditsthe subsidies to natural persons were destined for the purchase of housing, while the remaining 23.6 percent was acquired for housing rental.
(Also read: Home sales: these are the problems that will prolong the crisis in the sector)
The higher the value of the down payment, the lower the value of the loan will be.
mortgage credit It is a financing option in the medium or long termthat allows you to make the dream of having your own home come true.
This type of loan can be renegotiated over time to adjust the interest rates, thus achieving an improvement in payment conditions. Said credit rates can be calculated in Real Value Unit (UVR) or in pesos.
Buying a home is a long-term investment, so it is advisable, before taking a mortgage, review savings and monthly income to make the best decision.
Another point that must be taken into account is that, the higher the value of the initial fee, the the value of the loan will be reducedthus improving the quality of payments and the peace of mind of complying with the entire amount approved by the bank.
(Also read: These are the two municipalities that most promote home sales in Sabana Occidente)
Characteristics of the mortgage loan in UVR:
- The initial fee is one of the lowest
- Your approval is easier so it is a good option to obtain a home
- The value of the installments can be adjusted depending on inflation
- It is a credit that does not capitalize interest
Characteristics of the mortgage loan in pesos:
- You have more control of finances
- Has a fixed rate and does not change during the credit period
- Allows a repayment fee
- The installments go down at the end of the credit
(Also read: ‘Mi Casa Ya’: Vargas Lleras expressed concerns about the program to the Minvivienda)
Bank credit (Reference image).
A study in finance carried out by Rankia Colombia The banks that offer the best interest rates when acquiring a mortgage loan in UVR.
The financial entities that have the best rates are Banco AV Villas (9.80 percent for VIS and Non-VIS)Banco Caja Social (VIS: 9.25 percent and No VIS: 7.60 percent), Bancolombia (VIS: 10.45 percent and No VIS: 12.15 percent), Davivienda (VIS: 7.85 percent, percent and No VIS: 7.31 percent).
In loans in pesos are Banco AV Villas (VIS: 18.95 percent and No VIS: 19.20 percent), Banco Caja Social (VIS: 19.55 percent and No VIS: 19.50 percent)Bancolombia (VIS: 17.15 percent and No VIS: 19.45 percent) and Davivienda (VIS: 18.30 percent and No VIS: 19.10 percent).
