Popularly known in the United States as Home-Equity, Credit with Property Guarantee (CGI) was introduced in Brazil after the period marked by the pandemic. The modality is famous for offering reduced interest rate and longer payment periods.
According to data from the Brazilian Association of Real Estate Credit and Savings Entities (Abecip), the search for the service increased by 13% in the year 2021. The sum of the credit benchmark was BRL 4.85 billion, higher than the BRL 2.3 billion obtained in the same period of 2020.
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Innovative regulations are foreseen in Bill 4188/21, belonging to the Executive Branch, which provides consent for the use of guarantees. According to information, it will be possible to use the new property as collateral, an option that is currently not allowed.
If well used, the CGI will be the best alternative for long-term credits, says Antônio Carlos Oliveira, executive director of Assessoria para Crédito Imobiliário (ACT), which he added is an act often used in other countries.
Some benefits of CGI are:
ACT lends a hand to property investors, helping to identify the best interest rates in the world. market, facilitating the document cycle and accelerating processes until the launch of the financing agreement.
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