Starting next year, nearly 11 million workers will be able to enjoy the New rule for using FGTS (Guarantee Fund for the term of service). The change, confirmed by the federal government, is related to using the credit to buy Private house.
Citizens will be entitled to use future FGTS to increase their ability to finance a property through the Casa Verde Amarela program, which should be renamed Minha Casa, Minha Vida in 2023. In other words, the deposits that will still be made by the business owner will be compromised while the installments are paid.
The background works as a file savings In it, the employer deposits 8% of the employee’s salary every month. Redeeming these resources to buy a house was already possible, but now Brazilians will be able to use the money that has not yet been deposited.
According to the Ministry of Regional Development, a worker who receives R$2,000 can receive R$500 in interest given the current rules. Next year, with the new procedure, the premium could be up to R$660, taking into account the future deposit.
Run the future FGTS
According to the official information released so far, the new product will be available to the first group of the Casa Verde Amarela program, made up of families with a gross monthly income of up to R$2,400. Surveys show that around 10.9 million families fit the profile.
Caixa Econômica Federal will announce the rules of the method by January 16th. As of publication, financial institutions will have 90 days to begin operating future FGTS.
the potential risks
A worker who wants to buy a property using future FGTS resources needs to be aware of the risks of this method. In the event of dismissal, he is prevented from withdrawing the balance of his accounts committed to financing.
In this case, the citizen will have the option to renegotiate the installments with the creditor bank to restore his ability to repay. The financial agent may offer a six-month respite in installments or other credit recovery measures.
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