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A bank gives 30-year loans for houses that are built in three months - La Nacion Propiedades
Source:
www.lanacion.com.ar
October 29, 2024
This is an alliance between Banco Hipotecario and a construction company in the sector.
By Maria Josefina Lanzi
Houses are built in three months and paid for in 30 yearsI think
In a context in which mortgage credit has re-emerged in Argentina , lines of credit continue to appear, seeking to guarantee access to housing. This is how a bank recently signed an agreement with a construction company to grant a loan to build modular houses financed for 30 years, but which are built in three months.
This is an alliance between Banco Hipotecario and the construction company Idero, which specializes in modular homes - homes that are mostly built in a factory and then moved to the land where they will be installed. "It is a solution that seeks to facilitate access to housing," Banco Hipotecario assured LA NACION . " Our idea is to expand the possibilities so that more people can access their first home ," Salvatore added.
Modular homes are buildings that are made in a factory, in three dimensions, on a production line similar to an automotive industry. Azzo Group
To process the loan, you apply through the bank with the construction credit line and the requirements are the same:
This is an interesting development, since, in short, it is a tool for acquiring a new home, which can be built in just three months. The issue is that, as a mortgage loan requires the property as collateral - which can be mortgaged and is ready to be registered - the lines offered by banks with financing for more than 20 years are generally intended for the purchase of used apartments.
Brand new units , unless they are ready to be registered, cannot be purchased with a mortgage, as well as those in a construction pit . It must be taken into account that new apartments, from the time they are finished being built until they are registered, go through a process that takes between six months and a year in CABA, and one and a half to two years in the province of Buenos Aires.
The credit for modular homes has the same conditions as the one granted for traditional construction
The modular homes that can be purchased start with two-bedroom houses of 54 m² for a ticket price of US$54,000 for AMBA (they do transport to the whole country, but in that case the shipping must be quoted). They also have larger modules of 69 m² with three bedrooms and a bathroom, and others of 78 m² with three bedrooms as well, but with one more bathroom. These are “evolutionary” models, explains Lucas Salvatore, president of Idero, so other modules can be added, as the house is enlarged.
In addition to reducing construction times, modular homes achieve much greater precision in costs and duration.
They can be transported wherever you want to install them.
There is a wide variety of options, models and prices within the universe of modular homes, but many of their advantages are shared: they provide a more controlled quality , since they are manufactured in a plant, which allows for a precision of 2mm; they have a higher execution speed , they use a more sustainable process with less environmental impact and they can be made with materials that can be almost entirely recycled. “In this economy, this is reflected in a cost advantage. If they deliver it to you in three months, instead of 24, there is a very important difference in value due to inflation ,” says Salvatore.
This is achieved because it is possible to work inside a factory with materials at hand, avoiding inclement weather (such as rain), which alter the process and time of the work. Salvatore shares that, in addition to reducing construction times, much greater precision is achieved in costs and duration. “In a country where certainty is not abundant, a little security does not hurt ,” he points out.
www.buysellba.com
Source:
Un banco da créditos a 30 años para casas modulares que se construyen en tres meses
Se trata de una alianza entre el Banco Hipotecario y una constructora del sector
www.lanacion.com.ar
October 29, 2024
This is an alliance between Banco Hipotecario and a construction company in the sector.
By Maria Josefina Lanzi
Houses are built in three months and paid for in 30 yearsI think
In a context in which mortgage credit has re-emerged in Argentina , lines of credit continue to appear, seeking to guarantee access to housing. This is how a bank recently signed an agreement with a construction company to grant a loan to build modular houses financed for 30 years, but which are built in three months.
This is an alliance between Banco Hipotecario and the construction company Idero, which specializes in modular homes - homes that are mostly built in a factory and then moved to the land where they will be installed. "It is a solution that seeks to facilitate access to housing," Banco Hipotecario assured LA NACION . " Our idea is to expand the possibilities so that more people can access their first home ," Salvatore added.
Modular homes are buildings that are made in a factory, in three dimensions, on a production line similar to an automotive industry. Azzo Group
To process the loan, you apply through the bank with the construction credit line and the requirements are the same:
- There is no limit on the amount of money
- Up to 80% of the work is financed
- for a period of up to 30 years
- Capital is adjusted by UVA
- has an annual nominal rate of 8.5%
- It is necessary to have a quota-income ratio of 25%
- The money is delivered in an advance of 30% and a second disbursement with the remainder
This is an interesting development, since, in short, it is a tool for acquiring a new home, which can be built in just three months. The issue is that, as a mortgage loan requires the property as collateral - which can be mortgaged and is ready to be registered - the lines offered by banks with financing for more than 20 years are generally intended for the purchase of used apartments.
Brand new units , unless they are ready to be registered, cannot be purchased with a mortgage, as well as those in a construction pit . It must be taken into account that new apartments, from the time they are finished being built until they are registered, go through a process that takes between six months and a year in CABA, and one and a half to two years in the province of Buenos Aires.
The credit for modular homes has the same conditions as the one granted for traditional construction
The modular homes that can be purchased start with two-bedroom houses of 54 m² for a ticket price of US$54,000 for AMBA (they do transport to the whole country, but in that case the shipping must be quoted). They also have larger modules of 69 m² with three bedrooms and a bathroom, and others of 78 m² with three bedrooms as well, but with one more bathroom. These are “evolutionary” models, explains Lucas Salvatore, president of Idero, so other modules can be added, as the house is enlarged.
What are modular homes?
Modular homes are buildings that are made in a factory, in three dimensions, on a production line similar to an automotive industry, with different processes ranging from the manufacturing and assembly of the metal structure to the final finishing touches. Once finished, they are transported in parts, in trucks with carts, to the land where they will be located . Each module arrives at its destination with the floor, walls, roof, windows and doors made and installed.
In addition to reducing construction times, modular homes achieve much greater precision in costs and duration.
They can be transported wherever you want to install them.
There is a wide variety of options, models and prices within the universe of modular homes, but many of their advantages are shared: they provide a more controlled quality , since they are manufactured in a plant, which allows for a precision of 2mm; they have a higher execution speed , they use a more sustainable process with less environmental impact and they can be made with materials that can be almost entirely recycled. “In this economy, this is reflected in a cost advantage. If they deliver it to you in three months, instead of 24, there is a very important difference in value due to inflation ,” says Salvatore.
This is achieved because it is possible to work inside a factory with materials at hand, avoiding inclement weather (such as rain), which alter the process and time of the work. Salvatore shares that, in addition to reducing construction times, much greater precision is achieved in costs and duration. “In a country where certainty is not abundant, a little security does not hurt ,” he points out.
www.buysellba.com
