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The fund of compulsory saving housing is a housing policy instrument for obtaining credit for housing, using the Mandatory Savings Fund for Housing (faov), a mechanism that allows low-income families to obtain financing the purchase of your home.

The compulsory savings fund, also called faov, what is the contribution made by workers under the relation of dependence and self-employed, who need to raise funds to buy a decent property.

The resources of the compulsory savings fund are awarded on favorable terms, such as social interest, repayment term of up to thirty years, shares not exceeding thirty percent of family monthly income housing and direct subsidies for families earning less than two Bs 1600 per month.

The compulsory savings fund is used by people who needs a housing solution for obtaining credit for housing. To this should be made to the system performance based portion of their income, which are intended to shape the faov, so that increased resources are seen every month and can be used increasingly by the public need for housing credit.

A worker under dependency ratio is obliged to contribute to the faov and the employer. In the case of the employee must contribute one percent of their monthly income and the employer with two percent.

In the case of self-employed, they must enroll in the online faov and make contribution to faov three percent of their monthly income to be eligible to obtain loans for housing in the best conditions. Read the rest of this entry »

Have saved money in the mattress as well as being a very old practice is dangerous and it’s nothing clever. If we want to be active in the economy and manage our money wisely, we must do is research about ways to save our money to be used properly.

One option to use it is to keep your money in bank accounts, where you have your money protected from any danger that may happen in your home and increases due to interest, it is important to mention that those interests are very low and at the end of year, inflation is much higher than what is gained with interest.

Another option is to have funds for investment, first decide the capital they are willing to invest in the fund, then you need to contact a broker and ultimately will have to wait a while to get back the invested capital plus money that was generated with time eventually will have more money

Investment funds are undoubtedly the best way to grow the money is in a safe, regulated by law and best of all is that there are funds that will guarantee that you will return your money, so you do not have to worry about the uncertainty.