Infonavit tells you what to do if it is your first time using your mortgage loan

For newly affiliated users or those who are going to use a mortgage loan for the first time, Infonavit released valuable information

MEXICO-. He Infonavitone of the main issuing organizations of mortgage credits in Mexico with a wide membership throughout the country, has released valuable information for those members who are about to use a first time mortgage loan.

One of the first decisions that newly registered members must make is the choice of the destination of their credit, and for this the Infonavit offers various options.

From choosing the destination of the credit to formalizing it with a notary, the Institute has detailed each step so members can make informed decisions and move forward with confidence in the process.

Infonavit tells you what to do if it is your first time using your mortgage loan

One of the first decisions that newly registered members must make is the choice of the destination of their credit, and for this, Infonavit offers various options:

• Purchase of new or existing home.

• Construction on own land.

• Expansion, improvement or repair of the home.

• Mortgage payment with another financial institution.

Steps to follow:

Check if you can already apply for a loan and know its preliminary conditions.

Participate in the online course “Know more to decide better” to obtain detailed information on savings, credit and the use that can be given to it.

Gather the required documents according to the selected option.

• Request appraisal (if applicable)

If required, request an appraisal in one of the valuation units published on the Infonavit Portal.

• Visit the Infonavit offices

Go to the Infonavit service offices to register the credit. It is important to schedule an appointment.

• Election of notary public

Select a notary public to formalize the credit.

• Data query format signature

When registering the credit, you will receive a form for consulting data in credit information companies, which must be signed.

• Credit formalization

You have 5 weeks after registration to formalize the credit with the chosen notary.

• Sales promotion procedure (if applicable)

If you decide to purchase a new home in a development, it is likely that the construction company’s sales promoter will manage the process with the institute.

You must provide your personal documents and appear with the notary on the day of signing the deed.

• Registration in My Infonavit Account

Finally, register in My Infonavit Account to follow up on the Electronic Notification or Withholding Notice process.

He Infonavit recommends asking the company to confirm the procedure from the Business Portal or to sign and seal the Withholding Notice, which must subsequently be delivered to the notary.